Brent oil prices registered this Tuesday, March 3, a rise of 3%, exceeding 80 dollars per barrel, the highest value since June 2025, while gold and silver fell in the midst of conflict in the Middle East.
At 7am today (6am in Lisbon), according to Bloomberg data compiled by the Spanish news agency EFE, the price of Brent, the European benchmark, for delivery in May rose 2.98% to 80.02 dollars.
During the first hours of the day, the rise was even more pronounced, reaching US$80.45.
However, today’s increase is more moderate than on Monday, when Brent oil soared 10%, following the start of the war that began on Saturday with a joint attack by the United States and Israel against Iran, and which spread to the entire Middle East region.
Analysts explain that, given the tensions in the Middle East, the focus is on the Strait of Hormuz, through which almost 20% of the world’s crude oil traffic passes, and on fears that the conflict could cause an interruption in supplies.
In turn, the price of gold and silver fell today, despite the start of the conflict.
At 07:15 (06:15 Lisbon time), gold fell 0.25% to $5,309.52, while silver fell more sharply, 3.44% to $86.44 per ounce.
According to data from Bloomberg, after the start of joint US-Israel attacks against Iran, gold reacted positively on Monday, rising more than 3% during the session and reaching a price of 5,419.11 dollars.
However, at the close of the session, the increase was just 0.89%.
In the case of silver, the metal fell again today, after reaching almost 97 dollars on Monday and closing the session lower, with a drop of 4.7%.
Meanwhile, West Texas Intermediate (WTI) crude, a reference in the United States, is currently rising 1.59%, before the official opening of the market, quoted at 72.36 dollars.
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