This event adds to a fragile geopolitical landscape already strained by supply chain disruptions. Historically, energy price shocks have led to tighter monetary policy expectations, which weigh on risk assets like cryptocurrencies. However, Bitcoin's narrative as a hedge against fiat debasement may attract inflows if the situation escalates, creating a tug-of-war between risk-off and safe-haven flows.

Crude Oil

Analysts report that the threat to oil tankers in the Middle East is the worst since the start of the Iran war, due to fresh attacks on alternative shipping routes.