Bitcoin

This event demonstrates the resilience of global energy supply chains and reduces the likelihood of a sustained oil price spike, which in turn lowers the probability of aggressive central bank tightening. With Bitcoin trading at $85,706 and Fear & Greed at 70 (Greed), the market is already pricing in a benign macro environment, and this news reinforces that narrative.

Gulf crude exports returned to pre-war levels in September, with producers using alternative routes and ship-to-ship transfers to bypass the Strait of Hormuz, while Iranian exports remain below the pre-war average.