This escalation adds to a six-month conflict, increasing geopolitical risk premium in energy markets. Historically, such events lead to risk-off sentiment, but crypto has shown mixed reactions—sometimes acting as a hedge, sometimes as a risk asset. The current market is in a state of greed (Fear & Greed 71), so a geopolitical shock could trigger profit-taking.

Crude Oil

Iran and the US carried out tit-for-tat tanker strikes over the weekend, pushing oil prices higher and escalating a six-month war.