US Strikes on Iran Spark Bitcoin, Gold, and Oil Volatility
The United States launched self-defense strikes against Iran on Tuesday after an Apache helicopter was downed over the Strait of Hormuz, breaking a fragile ceasefire announced by President Donald Trump. The escalation follows Operation Epic Fury targeting Iranian military and nuclear capabilities since February 2026. Bitcoin tumbled below $62,000, dropping about 2% over 24 hours as investors fled risk assets amid fears of a wider regional conflict. Gold, despite being a traditional safe haven, saw limited upside near $4,220 due to a stronger US dollar and rising oil prices fueling inflation concerns. Brent crude oil traded around $93 per barrel, with supply fears over the Strait of Hormuz chokepoint driving volatility. The actions disrupted hopes for a ceasefire extension and broader negotiations on Iran's nuclear program. Market reactions reflect increased risk aversion, flight from speculative assets, and fresh uncertainty over inflation and interest rate expectations.
Key facts
- US launches self-defense strikes against Iran after Apache helicopter downing on Tuesday.
- Bitcoin drops below $62,000, down ~2% in 24 hours amid risk-off sentiment.
- Gold shows limited gains near $4,220 as strong dollar and oil prices weigh.
- Brent crude trades around $93 as supply fears over the Strait of Hormuz spike.
- Strikes break fragile ceasefire, derailing hopes for broader nuclear negotiations.