US-Iran conflict escalates with strikes and drone attacks in Persian Gulf, rattling oil and crypto markets

The US-Iran conflict has escalated following Trump's declaration that the ceasefire is over, leading to strikes and drone attacks in the Persian Gulf. This instability has rattled oil and European markets while causing Bitcoin to decrease by 2%. The situation may complicate sanctions enforcement and force Europe to reassess military alliances. Consequently, the geopolitical tension intensifies the role of crypto in global instability and increases overall market volatility across multiple financial sectors and international borders.