On the same trading session that a weekend tanker and pipeline strike pushed oil sharply higher, every other major asset shown here moved the opposite way, from Canadian and US stock indexes to gold and the Canadian dollar. That is the reverse of what a Hormuz-driven oil spike has typically produced on other days during this conflict. The divergence suggests markets were already positioning for a Federal Reserve rate decision due two days later, not reacting to the weekend's news from the Gulf.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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