Oil and Gold Prices Surge After Israel Targets Hamas Leaders in Qatar

SadaNews - Oil and gold prices rose after the Israeli army targeted leaders of the "Hamas" movement in the Qatari capital, Doha.

The price of Brent crude jumped by up to 1.5% reaching $67 per barrel, while West Texas Intermediate rose by about 1.7% to $63.

The price of gold also surged, breaking the $3700 per ounce barrier for the first time in history, at 2:47 PM London time, continuing to surpass recent record levels due to increasing bets on interest rate cuts at the upcoming Federal Reserve meeting.

Israel Targets Hamas Leaders

Explosions were heard in the Qatari capital Doha on Tuesday, with Israeli sources suggesting they were attempts to target Hamas leaders in Qatar. A senior Israeli official told Israeli media on Tuesday that Tel Aviv "attacked the Hamas leadership in Qatar, including Khalil Al-Hayya and Zahir Jabari," adding that they are awaiting the results of this attack.

A circulating image from the Israeli army's targeting of Hamas leaders in Qatar, September 9, 2025

The Israeli army radio reported that Tel Aviv "attempted to attack Hamas leaders in Qatar." According to the "Axios" platform, the explosions shook the surrounding coastal area, causing panic among residents.

Qatar Condemns the Attack

For its part, Qatar condemned the Israeli attack. The spokesperson for the Qatari foreign ministry, Majid Al-Ansari, stated: "The State of Qatar condemns in the strongest terms the cowardly Israeli attack that targeted residential premises housing several members of the Hamas political bureau in the Qatari capital Doha."

The Israeli attack was described as a "criminal assault that constitutes a blatant violation of all international laws and norms, and a serious threat to the safety and security of Qataris and residents in Qatar."

He added that "while the State of Qatar strongly condemns this assault, it affirms that it will not tolerate this reckless Israeli behavior and ongoing tampering with the security of the region and any act that targets its security and sovereignty. Investigations are underway at the highest level, and further details will be announced as soon as they are available."

This development comes at a time of increasing escalation in the conflict between Israel and Hamas, after Tel Aviv recently ordered a complete evacuation of Gaza residents in preparation for a large-scale attack.