#Oil #Gold #Geopolitics #Iran #Israel

U.S. blockade holds. Iran calls it "piracy." Hezbollah rockets hit Israel. IDF on war footing.

But diplomacy alive: Pakistan, Egypt, Turkey pushing U.S.-Iran talks. Trump: "Iran wants a deal."

Markets: WTI $99-101 (+2.6%), Brent $99-102 (+4.4%). Physical oil in Europe hit record $148.87. Gold $4,702 (-0.9%). DXY 98.39 (6th day down). Dow -50 pts, S&P +0.2%, Nasdaq +0.6%.

IMF warns: "Less able to respond to shocks."

Bottom line: Volatility rules. Watch April 21 ceasefire deadline.