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Story: Wall Street Fear Gauge Jumps as Oil Supply Worries Mount

By Julie Binoche

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Precious Metals Rally Hard. Silver bounced back to $69.82 as investors piled into safe havens.

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Corporate Responses Vary. ExxonMobil started looking at backup shipping routes around the Strait of Hormuz.

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The VIX exploded Friday. Wall Street's fear gauge shot up 13.16% to close at 31.05, hitting its highest level since late 2025 as traders panicked over potential oil supply cuts…

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Markets went haywire as geopolitical tensions in the Middle East sent shockwaves through global trading floors.

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Gold didn't budge much. Stayed near $4,491 per ounce.

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Silver bounced back to $69.82 as investors piled into safe havens. Both metals pretty much became the go-to assets when things got messy, and Friday was no exception.

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Bond markets told the same story. The 10-year Treasury yield fell to 1.95% as investors ran for cover. Meanwhile, the dollar index crept up to 102.

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ExxonMobil started looking at backup shipping routes around the Strait of Hormuz. The oil giant ramped up security for its Middle East operations and began evaluating alternative…

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Goldman Sachs analysts revised their oil forecasts upward. They now think Brent crude could hit $140 per barrel if tensions escalate further.

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The International Energy Agency jumped in on March 28. The IEA expressed concern over potential supply disruptions and said it's coordinating with member countries to tap…

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Bank of England Governor Andrew Bailey warned on March 29 that oil price swings could mess with inflation rates.

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Companies across industries are now scrambling to figure out their next moves. Energy firms are reassessing logistics strategies while governments push for diplomatic solutions.

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