Bitcoin

This geopolitical alignment strengthens the dollar and may improve risk sentiment if it leads to lower oil prices. However, the Iran war continues to inject uncertainty, and crypto remains correlated with macro risk appetite. The move could be a precursor to broader de-dollarization trends if India shifts away from Russian energy, but that's a longer-term story.

US Secretary of State Rubio met with Indian PM Modi during a visit to India, with energy sales high on the agenda to address shortfalls from the Iran war.