Iran strikes Saudi Arabia for first time in months

Iran has launched strikes against Saudi Arabia for the first time in months, causing oil prices to surge between 3-7% and pushing Bitcoin below $62K. These tit-for-tat attacks are undermining ongoing efforts to reopen the Strait of Hormuz, leading to significant volatility across both energy and cryptocurrency markets as investors react to the escalating regional tensions between the two nations. The situation reflects a volatile geopolitical environment impacting global financial assets and critical maritime trade routes.