🛢️ OIL MARKET UPDATE — SEPTEMBER 2, 2026 **Oil prices are extending gains as fresh U.S.–Iran strikes increase geopolitical risk.** Prices rose nearly **1% after jumping around 5% in the previous session**. 📊 MARKET IMPACT **🟢 Bullish for Oil** * Escalating U.S.–Iran conflict → higher geopolitical risk * Concern over potential **oil supply disruptions** * Traders are closely watching Middle East supply routes * Continued tensions could keep a **risk premium** in crude prices **🟡 Impact on GOLD (XAUUSD):** Higher oil prices can increase inflation concerns, potentially supporting a **more hawkish Fed outlook** and stronger USD/yields, which can pressure gold. However, escalating geopolitical tensions can simultaneously create **safe-haven demand for gold**. ➡️ **For XAUUSD: Mixed impact — watch USD, Treasury yields, and geopolitical headlines for confirmation.** #Exness# #mytradingstory# #Fed# #Signal#