REPSOL S.A. INH. EO 1

Commented by Stefan Feulner on March 2nd, 2026 | 07:15 CET

Repsol, Globex Mining, Hudbay Minerals – Escalation in the commodity markets

• Mining
• Commodities
• PreciousMetals
• Oil
• Diversification
• geopolitics
• Conflict

It had been building for weeks, and now it has become a reality. Israel, together with its ally, the United States of America, launched an attack on Iran. The mullah regime responded with counterstrikes, further escalating the situation. The markets reacted with panic. The price of gold rose by more than 3%, while oil shot up by double digits. Should the conflict widen, and with the Strait of Hormuz already closed, severe disruptions are looming, particularly in the oil market, which is likely to lead to further price explosions.