Goldman Sachs investment bank warned that the impact of the Middle East war on refined products like jet fuel and diesel has been greater than on crude oil. According to the report, while Brent crude prices have exceeded 100 dollars per barrel, fuel costs in parts of Asia have doubled. This disruption stems from the near complete halt of

Gold prices have stabilized above 5,000 dollars per ounce amid geopolitical tensions and inflation concerns driven by rising energy costs. The precious metal has gained about 16 percent since the beginning of this year. Demand in China remains strong, with Chinese investors adding more than 17 billion yuan (equivalent to 2.5 billion dollars) to gold exchange traded funds since the Lunar New Year holiday.

The Federal Reserve's interest rate determination meeting will be held tonight, with rates expected to remain steady at 3.75%. This will be Mr. Powell's last meeting. The session will also include new economic forecasts, and due to the oil price shock, Mr. Powell will face a wave of questions regarding the weak February employment report and the oil price shock. Powell is likely to emphasize a wait-and-see approach.

Global stock markets rallied as oil prices declined and volatility subsided ahead of the Federal Reserve's Wednesday meeting. The S&P 500 posted its first back-to-back gain since the Iranian war began, while Brent crude fell 0.6% to $102.84 per barrel. Analysts say that with oil stabilizing, market focus has shifted from monetary policy to geopolitical developments.