Gold steadies near $4,600 as Iran war and Hormuz closure persist

9 articles · Updated · Bloomberg · Apr 28

Gold holds at about $4,600 an ounce after a 2.4% decline over two days, with investor attention on US-Iran negotiations and the ongoing Strait of Hormuz blockade.
President Trump stated Iran has requested the US lift its naval blockade during talks to end the two-month conflict, which has disrupted global energy supplies and heightened inflation concerns.
Mediators in Pakistan anticipate a revised Iranian proposal soon, as the indefinite Hormuz closure continues to fuel market uncertainty and inflationary pressures worldwide.

With the UAE exiting OPEC, can a new oil order prevent a global recession?

Beyond oil, which supply chain disruption from this conflict will hit consumers hardest?

What legal precedent will the US seizure of the Iranian cargo ship 'Touska' set for naval warfare?

Can mediators broker a lasting peace, or is a 'semipermanent ceasefire' the only viable outcome?

Could this crisis finally force a global transition away from fossil fuels?

Is the US naval blockade truly effective if ships are reportedly slipping through?