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The longer the Iran war lasts, the higher oil prices will go. While the Trump administration could benefit from an end to the conflict, there's no guarantee it will happen in the near term.

Gold price gains fade from $4,116 as lower oil helps XAUUSD, but the FOMC and PCE report keep rate risk in control.

The oil markets are reacting to the cessation of missiles flying over the last day or so.

A pause in attacks for a third straight day between the US and Iran helped to push down oil prices and boost global stock and bond markets following two weeks of clashes. Tyler Kendall reports on Bloomberg Television.

Human Rights Watch said on Monday pollution linked to the operations of French-British oil firm Perenco in the Democratic Republic of Congo ​was exposing nearby communities to health risks, including respiratory illnesses and ‌symptoms such as chest pain.