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The US hit air defenses, radar sites and naval assets along Iran's southern coast, and Iran retaliated against US facilities in Bahrain, Jordan, Kuwait and Iraq, in the largest exchange since July. Crude has recovered to levels last seen in July while Asian and European equities fell, a classic energy-supply risk premium plus risk-off combination that lifts gold and the dollar, pressures cyclical and transport-heavy equity sectors, and typically drags high-beta assets like BTC and ETH lower alongside NASDAQ futures. The decisive variable is whether strikes extend to oil export infrastructure or Strait of Hormuz shipping; sustained crude gains would also revive headline inflation risk and push back rate-cut pricing in UST yields.
As a Macro signal, watch whether it changes price action, volatility, or flows around CL=F, BZ=F, GC=F.
Original Source: 블록미디어
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