War risk around Iran is back on the table.
The latest escalation is real: the UAE came under Iranian missile and drone attacks, a fire broke out at Fujairah’s oil facility, and multiple vessels were hit around the Strait of Hormuz. The US says its forces intercepted part of the assault and destroyed several Iranian boats during the maritime clashes.
The market implication is straightforward. Energy risk is rising again, shipping remains under pressure, and oil has already jumped sharply above $100 on the renewed escalation.
Crypto is holding for now, but this is exactly the kind of backdrop wh