#贵金原油价格飙升 Affected by the Middle East situation, gold, silver, and crude oil prices surged collectively!

On March 1st, local time, it was reported that due to the ongoing escalation of the Middle East situation, international oil prices rose sharply. Brent crude oil prices temporarily increased by nearly 13% on that day, reaching around $82 per barrel. Analysts pointed out that this round of increase, combined with the previous gains caused by escalating tensions, has resulted in a year-to-date total increase of approximately 17%. Due to rising geopolitical risks and soaring energy prices, U.S. stock futures also declined in tandem. S&P 500 futures fell by 1.1%, Nasdaq 100 futures dropped by 1.2%, and Dow Jones Industrial Average futures declined by over 500 points, indicating a significant cooling of market risk appetite. Meanwhile, the U.S. dollar index rose by 0.3%. As of press time, spot gold increased to $5,341 per ounce, up 1.21%; spot silver was at $94 per ounce, up 0.48%.

Iran: If energy facilities are attacked, all oil and gas facilities in the region will be destroyed. On the evening of February 28th, the Iranian Islamic Revolutionary Guard Corps announced a ban on any ships passing through the Strait of Hormuz. On March 1st, an oil tanker attempting to pass through the strait was hit and began sinking. In the IRGC’s announcement No. 8 issued on the evening of the 1st, Iran stated that three illegal U.S. and UK oil tankers in the Persian Gulf and Strait of Hormuz region were targeted by missile attacks. Additionally, the Revolutionary Guard issued a warning that if Iran’s oil and gas facilities are attacked, all oil and gas facilities in the region will be destroyed.

Since one-fifth of global maritime oil transportation passes through the Strait of Hormuz, some analysts believe that a blockade of the strait would have a significant impact on the international energy market, and international oil prices are expected to rise sharply in the short term.

Major oil-producing countries announce increased production in April.
On the 1st, OPEC issued a statement saying that eight major oil-producing countries have decided to increase their daily oil output by 206,000 barrels in April. Representatives from Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman held an online meeting to discuss the international oil market situation and outlook. The statement said that, given the current global economic expectations and low oil inventories, the eight countries decided to adjust their production. To maintain market stability, these countries will flexibly adjust their pace of increase based on market conditions.
In April 2023, these eight countries announced voluntary reductions of about 1.65 million barrels per day, and in November 2023, they announced an additional voluntary reduction of 2.2 million barrels per day. These two major reduction measures have been postponed multiple times. During this period, oil production increased in countries like the U.S. and Canada.
In March 2025, the eight countries decided to gradually increase oil production starting from April 1st of that year. They continued to increase production monthly until December. From January to March 2026, the eight countries announced a pause in production increases due to seasonal factors.

The geopolitical tensions in the Middle East have driven up gold prices, triggering a risk-averse sentiment in the precious metals market. Coupled with uncertainties brought by U.S. tariff policies, the global economy faces turbulence.