Oil fell, gold recovered after Trump's Israel statement

President Donald Trump’s announcement that the U.S. will halt oil payments to Israel starting at the end of the year triggered sharp moves across global commodities. Oil prices fell sharply on the news, while gold and silver prices turned higher as investors rotated into safe-haven assets. The shift matters because it signals potential changes in U.S. financial support tied to Israeli oil purchases, which could ripple through energy demand expectations and commodity positioning. Traders will watch the next session’s oil price action and whether gold and silver extend gains as markets assess the scope and timing of the payment halt.