Israel raised its national defense posture this week following reports that the US may be preparing intensified strikes against Iranian targets. The Strait of Hormuz, through which roughly a fifth of global oil passes, has emerged as the geographic flashpoint, with recent skirmishes amplifying fears of a broader conflict that could disrupt energy supplies. Bitcoin has dropped roughly 40% from recent highs, falling from the $104K to $106K range to around $63,000 during periods of particularly intense military reporting. President Trump has publicly urged restraint while simultaneously weighing further military options, leaving an already fragile ceasefire increasingly precarious.
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