Oil Price Shock Fuels Market Volatility: How Geopolitical Tensions Impact Cryptocurrency

The recent Israeli airstrike in Iran has sent shockwaves through global energy markets, causing a sharp surge in oil prices. As Brent Crude jumped over 7%, touching $74.47 per barrel and WTI rose by 7.3% to $72.62, investors are grappling with the implications for market volatility and its potential impact on cryptocurrency. The Middle East is at the heart of global energy production, and any disruption to this vital region raises immediate concerns about supply chains and geopolitical risk.