Energy price shocks historically tighten financial conditions and delay central bank easing, which is a headwind for speculative assets. This event adds a geopolitical layer to the current bearish macro backdrop, where BTC dominance is high and altcoins are underperforming, signaling a risk-off rotation.

Energy Markets

Saul Kavonic, Head of Energy Research at MST Marquee, discussed his outlook for energy market prices amid the ongoing conflict in Iran at the Australian Energy Producers Conference in Adelaide.