Oil Rallies After Overnight Strikes in Iran as Bitcoin Holds Near $78,000

Crude oil prices are surging following overnight military strikes in Iran, according to CoinDesk. The market move comes as Donald Trump again proclaimed victory. Brent and WTI are among the assets linked to the report, highlighting the immediate impact on major oil benchmarks. CoinDesk’s live market update also said Bitcoin was trading near $78,000 and that Strategy had purchased BTC for the first time since late June. The developments place energy and cryptocurrency markets in focus at the same time, with oil responding to the reported military action and Bitcoin covered in the context of Strategy’s latest buying activity. No further details on the strikes, the scale of Strategy’s purchase or the size of the oil-price gains were provided in the source material.