Iran-US War 2026: Oil at $107, Gold -6%, Bitcoin Crashes

Oil Surges Past $100/Barrel

Brent crude surged well above $100 per barrel for the first time in years, briefly touching $120/bbl as fears of prolonged supply disruption gripped markets. The Strait of Hormuz crisis — handling 20% of global oil supply — was partially blockaded, sending energy prices soaring worldwide. This compounded pressures already building from Trump tariffs disrupting global supply chains.

Gold Volatility Explodes Around $5,000

Gold initially spiked from $5,296 to $5,423 before reversing sharply — falling more than 6% from its intraday high. This counterintuitive drop occurred as institutional investors liquidated gold to cover margin calls elsewhere. Analysts expect a retest of $5,200-$5,300.

▸ Spending $50/week on gas? Oil at $120 means 15-20% higher fuel bills.

Bitcoin Stuck in $92K Consolidation

Bitcoin has been consolidating around $92,000, caught between competing narratives. Its high correlation with tech stocks has weakened the safe-haven thesis. ETFs still hold over 1.3M BTC, but the risk-off environment has capped upside.

Vietnamese Dong Under Pressure

The US dollar has strengthened against most emerging market currencies. Vietnam's economy faces dual headwinds: higher energy costs and potential demand weakness from affected trading partners. The State Bank of Vietnam stands ready to intervene.