Bota Posted on 2026-02-28 13:46:00

The war between Iran and Israel "shocks" the markets / Oil prices rise and Bitcoin falls

From Scan TV

The war between Iran and Israel "shocks" the markets / Oil prices rise

Recent tensions in the Middle East have caused oil prices to rise sharply, pushing Brent to its highest levels in months, while investors are fleeing riskier assets, causing Bitcoin to fall sharply. Experts warn that geopolitical uncertainty and fears of global supply disruptions are immediately impacting energy and crypto markets.

Crude oil prices are at their highest levels in months as tensions between the US and Iran have escalated, with markets facing the risk of supply disruptions, which could push Brent to around $80 a barrel if there are serious supply disruptions. This reflects uncertainty in markets about global oil supplies following stalled talks on Iran's nuclear programme and an increased US presence in the region. Iran has also warned in the past that it would close the vital Strait of Hormuz if attacked, a move that would severely disrupt oil trade and send prices soaring.

Meanwhile, Bitcoin is falling sharply, trading below $64,000, as investors flee riskier assets amid rising geopolitical tensions and reports of military strikes in Iran. The move reflects a risk-off sentiment in markets where cryptocurrencies like Bitcoin are losing value as safety is sought.

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