Peter McGuire, CEO of Australia-Trading.com, has indicated that escalating tensions with Iran could lead oil prices to soar between $130 and $140 per barrel, a level not seen since the Russia-Ukraine supply crisis. Following President Donald Trump's recent ultimatum to Iran, energy markets have reacted with anxiety, causing crude oil prices to surge while Asian equities fell sharply. McGuire outlined two scenarios for oil prices: if tensions persist beyond April, prices could spike dramatically; however, if the situation stabilizes soon, oil may remain within the $85 to $100 range. In contrast, the precious metals market has seen surprising declines, with gold retreating to around $4,720 and silver dropping to approximately $73. This downturn is attributed to rising US bond yields and capital shifts towards energy markets. McGuire suggests that despite the current volatility, gold and silver may recover as safe-haven demand returns in the coming weeks. He emphasizes the importance of disciplined scenario planning for investors navigating this unpredictable landscape.