The Middle East conflict escalates, oil prices target $120, and the market begins pricing in a long-term war.


Houthi forces officially enter the conflict, combined with the risks in the Strait of Hormuz. If the Red Sea’s strategic chokepoint, the Bab el-Mandeb Strait, is blocked, energy and material transportation to Europe and Central Asia will be severely disrupted. Global inflation is on the rise, and oil prices are set to surge violently.
Israel intensively bombs Iran’s steel and nuclear facilities, with Tehran experiencing the largest-scale airstrikes in this round of conflict. The market is no longer betting on short-term negotiations but is pricing in a long-term war.
Friday’s close: Brent crude oil surpasses $114 per barrel, WTI reclaims above $100; gold and silver prices surge across the board. Market optimism about policy interventions to control oil prices has cooled. Trump believes current oil prices and the decline in US stocks are both below expectations and within tolerable ranges.
$150 may not be the peak; on Monday, Brent crude oil could directly hit $120.
Risk-averse, contrarian bottom-fishing, or staying still and lying low—how do you choose? $BTC $ETH $SOL
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