Today delivered historic moves across global markets.

Oil first surged +31%, jumping from $91 to $119, as the US – Iran war and the closure of the Strait of Hormuz sparked fears of a major supply shock.

But the rally didn’t last.

Within just 19 hours, oil plunged -32% after:

• G7 nations announced the release of 400 million barrels of oil

• Donald Trump signalled a possible end to the war

Prices collapsed from $119 to $81, marking the largest singleday drop in oil market history.

Meanwhile, the crypto market also hit a milestone Bitcoin has now reached 20 million mined coins, leaving less than 1 million BTC left to be mined before the 21 million supply cap.