Trump: U.S. to Take Tough Action Against Iran Tonight

BlockBeats News, June 11th, U.S. President Trump stated that the U.S. will take tough action against Iran tonight. The U.S. will take over Kharg Island, gaining full control of Iran's oil and gas market. (FXStreet)

Impacted by Trump's remarks, according to Bitget data, WTI and Brent crude oil experienced a short-term rally of about $2 each, currently trading at $90.92 per barrel and $92.84 per barrel, respectively. Spot gold prices dropped by $20 in the short term, trading at $4069.45 per ounce.