$BTC The recent military attack by Israel on Iranian territory has triggered a swift and sharp market response. Oil prices increased by between 8% and 12%, with Brent and WTI rising towards $75–$77/barrel amid fears of supply disruption near the Strait of Hormuz. Stock markets entered risk-averse mode: U.S. stock futures fell by ~1.5%, Asian indices dropped between 1% and 1.8%, and Israel's TA-35 plummeted by more than 2%. Safe-haven assets recovered: gold rose by between 1% and 1.5%, while the U.S. dollar, yen, Swiss franc, and U.S. Treasury bonds saw gains.

Cryptocurrencies also retreated: Bitcoin fell by between 2% and 3%, and Ether by more than 5%. Investors seem cautious, reallocating towards defensive sectors such as energy, utilities, bonds, and precious metals.

While historical trends suggest that such geopolitical shocks tend to be short-lived, markets may continue to experience elevated volatility in oil, currency, and stock markets until the conflict de-escalates.