Escalation in the Middle East Hits Commodity Markets Again

Oil and gas surged sharply following new strikes on Iran's extraction infrastructure and retaliatory attacks on facilities in Saudi Arabia and Qatar.

Against this backdrop:
▪️Brent climbed nearly to $115 per barrel and gained 7.61%, though it later pulled back slightly;
▪️gas is already trading above $3180, showing a gain of 4.18%.

The market is pricing in not only the strikes themselves but also the risk of further supply disruptions. When conflict affects energy infrastructure, traders typically buy the panic first and sort out the details later.

For crypto, this is more of a bearish factor. Rising oil and gas strengthen inflationary risks and reduce the chances of a quick Fed policy pivot. That puts pressure on all risk assets, including crypto.

The main hit usually comes to altcoins, while Bitcoin may hold up better due to demand from ETFs and institutions. But if the escalation continues and commodities rise further, pressure on the crypto market will intensify as well.
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