Global Markets Under Pressure Amid Iran-US Conflict

Market instability has intensified as tensions in the Middle East escalate. US President Donald Trump stated that the ceasefire between the US and Iran is on 'massive life support', raising concerns about continued disruptions to global energy markets and shipping routes.

Crude oil prices have risen sharply due to renewed uncertainty around the conflict, with Brent crude settling up 2.88% at $104.21 per barrel. The Strait of Hormuz remains a key concern, with Iran deploying Ghadir-class submarines in the Persian Gulf.

The cryptocurrency market has remained relatively stable, with Bitcoin holding above the $80,000 level. Investor attention is now focused on potential regulatory developments in Washington, particularly the proposed Clarity Act aimed at regulating the cryptocurrency industry.