According to The Kobeissi Letter, oil prices have surged in a near-straight line above $72 per barrel as Israeli military strikes on Iran persist, creating heightened risk sentiment in global markets (source: The Kobeissi Letter, June 13, 2025). This sharp rally in crude oil could trigger increased volatility across risk assets, including Bitcoin (BTC), Ethereum (ETH), and other major cryptocurrencies, as traders anticipate inflationary pressures and potential safe-haven flows. Crypto traders should monitor energy price trends closely, as further escalation may impact liquidity, trading volumes, and short-term price action in digital assets.

According to The Kobeissi Letter, oil prices are surging in a straight line higher, now above $72 per barrel, as Israeli strikes on Iran continue (source: @KobeissiLetter, June 13, 2025). This sharp rise in energy costs is likely to increase risk-off sentiment across global markets, which typically leads to higher volatility in cryptocurrencies such as BTC and ETH. Traders should monitor how increased oil prices and geopolitical tensions may drive safe-haven flows into or out of digital assets, potentially impacting short-term price momentum and liquidity (source: @KobeissiLetter).