en.Wedoany.com Reported - The escalating tensions in the Middle East have sparked concerns over potential disruptions to oil supply, driving a significant increase in international oil prices on the 21st. On the same day, technical buying emerged in the precious metals market, pushing international gold and silver prices higher.

In the crude oil market, the United States and Iran launched mutual attacks again on the 21st, while Yemen's Houthi group announced a maritime blockade against Saudi Arabia, raising market fears that oil exports from Gulf countries may face sustained disruptions. A market survey previously released by Reuters estimated that U.S. commercial crude oil and gasoline inventories may have declined week-on-week, with investors closely monitoring the depletion of global strategic petroleum reserves and refined product stockpiles. As a result, international oil prices rose significantly on Tuesday.

By the close of trading that day, light crude oil futures for August delivery on the New York Mercantile Exchange settled at $84.91 per barrel, up 2.02%; Brent crude oil futures for September delivery on the London ICE Futures Exchange settled at $91.01 per barrel, up 2.01%.

In the precious metals market, international gold prices have repeatedly consolidated around the $4,000 per ounce mark over the past month. After holding this key support level, technical buying emerged in the precious metals market on Tuesday, driving both international gold and silver prices higher.

By the close of trading that day, gold futures for August delivery on the New York Mercantile Exchange settled at $4,076.40 per ounce, up 1.51%; silver futures for September delivery settled at $59.108 per ounce, up 3.57%.