# Best Performing Oil Amid Middle East Conflict**

Brent crude oil has performed best as the Middle East conflict escalated following the United States' attack on Iran's nuclear site. The asset surged 5.7% since Iran attacked Israel on June 13, reaching US$81.40 per barrel in Asia.

Meanwhile, US bonds with a 10-year yield have only risen by less than two basis points since then and closed on Friday at 4.38%.

The US dollar, a traditional asset, has also increased by about 0.9% since two weeks ago. However, this increase is seen as a relatively small move as this asset is usually considered a safe haven during conflicts.

Nevertheless, not all assets have benefited from the escalating conflict. Bitcoin has been one of the most affected, plummeting 9.74% since June 13. The largest digital asset even briefly fell to US$99,000 after holding at the US$102,000 level for several hours.

Not alone, the MSCI All Country World Index, a global equity index, has also dropped 1.8% since Israel attacked Iran on June 13.