Gold and silver prices rose in India, while Russia attacked Ukraine and oil shipments through Hormuz increased.
1 report, 1 independent
Updated Jul 1
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What happened
Gold and silver prices rose in India, while Russia attacked Ukraine and oil shipments through Hormuz increased.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Russia hit the Golden Leo with cruise missiles, a ship owned by a Mumbai-based company, amid escalating attacks on shipping routes.Sub-event
Gold/silver prices rose in India amid Russia's attack on Ukraine and increased oil flow through Hormuz.1 source
Keep exploring
Part of
Geopolitical events, including the Russia-Ukraine war and supply limits in the Strait of Hormuz, are causing global commodity price spikes.Also in this story
- Nomad Foods, a maker of Findus and Birds Eye, operates in Europe amid macro challenges sparked by the Russia-Ukraine war.
- VEON reported supply-chain disruptions linked to the prolonged Russia-Ukraine war.
- Geopolitical instability, driven by the Ukraine invasion, is causing global oil price volatility and affecting provincial revenue streams.
The entities involved
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Hormuz
city in Hormozgan Province, Iran
- A halt in Russian exports, combined with a closure in the Strait of Hormuz, is causing a global squeeze on diesel supplies, monitored against Brent crude prices.
- Iran has blocked the Strait of Hormuz, while Trump has issued threats regarding infrastructure targets in the area. Houthis are also attacking shipping in the Red Sea.