Oil prices climb to $110 on Iranian nuclear treaty concerns, while gold retreats and Bitcoin holds steady as markets dismiss the lawmaker's comments as noise pending formal policy changes.
Iran's nuclear treaty rhetoric adds to supply disruption fears, driving Brent crude higher.
Gold fell as dollar strength and rising real yields overpowered safe-haven demand.
Bitcoin price shows little direct impact from Iran's statement, with markets treating it as noise until policy changes.
VIX remains in normal range despite geopolitical tensions, indicating limited fear.
Brent crude surged to $110 a barrel following Iranian lawmaker Mohseni-Sani's claim that Tehran no longer views the Nuclear Non-Proliferation Treaty as binding. Despite the geopolitical tension, gold prices slipped to $4,319 as dollar strength and rising real yields overshadowed safe-haven demand, while Bitcoin and the VIX remained largely unaffected by the rhetoric.
The statement was made by a single committee member and has not been followed by a formal withdrawal filing with treaty depositaries or an official announcement from the Iranian Foreign Ministry.