Oil Surges on Middle East Standoff as Gold and Canadian Dollar Ride the Wave

Oil prices surged for a second straight week as the U.S.-Iran standoff escalated, with Brent crude climbing to $93.50 per barrel and West Texas Intermediate reaching $86.43. The rally was fueled by fading hopes for a peace deal, with Iran shifting toward an "offensive" military posture and the U.S. threatening the "toughest sanctions in history."

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