๐ Markets Slide Amid Israel-Iran Escalation ๐
The Dow Jones fell 1.79% Friday as tensions between Israel and Iran intensified. Israel struck Iranian nuclear/missile sites, prompting retaliation โ rattling global markets.
๐ข๏ธ Oil soared:
$ Brent jumped +7%, briefly hitting +14% overnight
$ WTI crude neared $74
$ ๐ก๏ธ Defense stocks (Lockheed, RTX) up ~3%
๐ Investors fled to safe havens:
$ Gold rose 1.4% to $3,432/oz, near April highs
$ Risk assets tumbled:
โ โข S&P 500: -1.13%
โข Nasdaq: -1.30%
๐ What it means for crypto?
Geopolitical fear often fuels volatility โ will Bitcoin and stablecoins become digital safe havens or risk assets under pressure?
#CryptoNewss #Geopolitics #oil #bitcoin
