Oil up, bitcoin down as U.S. strikes Iranian crude carriers

U.S. strikes on Iranian-linked crude carriers pushed oil prices higher on concerns about Middle East supply disruptions. The geopolitical shock prompted a risk-off move that pressured risk assets, causing Bitcoin to decline alongside equities. The episode underscores Bitcoin’s short-term sensitivity to macro and geopolitical shocks and its correlation with broader risk-on flows, increasing near-term volatility after such events.