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Line chart tracking WTI crude oil and gold futures prices daily from June 24 to July 16, 2026.

WTI's climb from the low $70s in early July to above $80 this week tracks the Hormuz escalation timeline closely, culminating Thursday morning when US forces disabled a tanker near Kharg Island, Iran's main oil export terminal. Gold has moved in the opposite direction since the July 13 flare-up, a split traders are linking to a widening Government of Canada five-year yield spread and Fed Chair Kevin Warsh's continued refusal to signal rate cuts, rather than to the conflict itself.

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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Charts and data on this site are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Each chart reflects the source and period indicated on it and may not represent current market conditions.

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© 2026 The Canadian Index. A public reference library of Canadian financial market charts, updated daily from public market data. See the Legal and Usage Terms page for full disclaimers.