Geopolitical risk premium in oil is resurfacing after months of relative calm, adding a supply-side shock to a macro environment already grappling with sticky inflation and delayed rate cuts. For crypto, this reinforces a 'risk-off' rotation in the short term, but historically such spikes in oil eventually filter into BTC as a store-of-value hedge if the conflict broadens.

Crude Oil

Oil prices rise after Iran fires missiles at Israel, escalating regional tensions.