Overseas market performance saw COMEX gold futures fall by 3.08% to $4,941.4 per ounce, while COMEX silver futures dropped by 10.62% to $75.01 per ounce. U.S. stock indices closed lower, with the Dow down 1.33%, the Nasdaq down 2.02%, and the S&P 500 down 1.57%. International oil prices also declined on the 12th; March-delivery light crude on the New York Mercantile Exchange fell $1.79 per barrel to $62.84, a drop of 2.77%, while April-delivery Brent crude decreased $1.88 per barrel to $67.52, down 2.71%.

A report from the New York Federal Reserve on February 12 indicated that U.S. consumers and businesses bore approximately 90% of the cost of tariffs imposed during the Trump administration, contradicting earlier claims that foreign entities would absorb the expenses. The average U.S. tariff rate rose from 2.6% to 13% last year, with domestic entities absorbing 94% of the impact from January to August, 92% from September to October, and 86% in November. The Congressional Budget Office echoed similar findings, estimating that foreign exporters bore about 5% of the costs, U.S. firms absorbed 30% in the short term, and the remaining 70% was passed to consumers through price increases.

U.S. crude inventories surged by 8.53 million barrels in the week ending February 6, the largest weekly increase since January of the previous year, far exceeding market expectations. Despite this, oil prices quickly rebounded after a brief dip, reflecting that geopolitical factors currently outweigh traditional supply-demand metrics. Analysts note that market concerns over potential disruptions to Iranian oil supplies, amid heightened U.S.-Iran tensions, are driving prices. The U.S. Defense Department's plans to deploy a second aircraft carrier strike group to the Middle East have amplified fears of谈判 breakdowns.

Experts suggest that the inventory buildup resulted from multiple factors, including a sharp rise in U.S. crude imports, a drop in exports, and the recovery of production previously hampered by severe winter weather. While demand remains steady, supported by a robust labor market, structural concerns such as the shift to新能源 persist. Geopolitical risk premiums are estimated at $3–5 per barrel for原油, with the market's focus likely to shift back to fundamentals if U.S.-Iran negotiations yield tangible results.

In Ukraine, President Volodymyr Zelensky reported that Russian forces launched a large-scale aerial attack using 25 missiles and 219 drones, resulting in 2 deaths and over 10 injuries. Ukrainian air defenses intercepted most of the projectiles, but strikes damaged energy infrastructure in several cities, leaving around 300,000 people in Odesa without water or electricity and cutting off heating for thousands in Dnipro and Kyiv. Ukraine's defense minister appealed for urgent international provision of Patriot-3防空导弹 systems.

U.S. President Donald Trump stated that he hopes for a U.S.-Iran agreement within "about a month," warning of "very serious" consequences if no deal is reached. He referenced previous military actions against Iran as a precedent. Meanwhile, Russia expressed willingness to engage in constructive dialogue with the U.S. regarding oil禁运 measures against Cuba, emphasizing a desire to avoid escalation. Russia plans to send crude and fuel to Cuba as humanitarian aid, following a recent U.S. executive order threatening tariffs on countries supplying oil to Cuba.