Stocks, crypto and metals retreat as U.S.–Iran conflict intensifies

Global markets experienced a significant downturn on Tuesday due to intensifying hostilities between the United States and Iran, leading to sharp declines across equities, cryptocurrencies, and commodities, with the exception of oil. The S&P 500 fell 2.2%, the Nasdaq 2.1%, and the Dow Jones 2.3%. Digital assets reversed recent gains, with Bitcoin dropping about 3% to $67,500, Ethereum falling 4%, and Solana losing 4%. Precious metals also suffered, as gold tumbled over 5% and silver dropped nearly 10%. Conversely, crude oil prices surged on supply fears after an Iranian Revolutionary Guard commander announced the closure of the Strait of Hormuz. Brent crude climbed 7.3% past $84, and WTI jumped 8.4% above $77. The conflict escalation, which included drone strikes and missile attacks toward Tel Aviv, prompted the State Department to evacuate personnel from several Middle Eastern nations, deepening market uncertainty.

(Source：Crypto Briefing)