Global Markets Fluctuate Amid Rising Tensions in Persian Gulf

Global markets experienced significant fluctuations on Sunday after US President Donald Trump issued a warning to Iran, causing oil futures to surge by 2.7% and Bitcoin's price to reach $69K.

The rise in oil prices was attributed to concerns over potential supply disruptions due to the escalating tensions in the Persian Persian Gulf. The WTI Crude May 2026 futures, which are traded on the CME Globex platform, increased by $2.88 to $3.05 per barrel, reaching a high of $115.48.

Meanwhile, the total digital asset market cap increased by 1.13%, with traders rotating into decentralized assets during the weekend. The price of Bitcoin reached $69,009, while Ethereum rose by 2.95% to $2,118, and XRP added 2.21% to $1.32.

Traders are now waiting for any further developments or statements from the White House or Iranian government, which could set the tone for Monday's open across energy, equity, and DeFi markets.