Iran Conflict Rattles Markets as Oil Jumps, Bitcoin Wavers, and Diplomacy Intensifies

The Iran conflict is dominating the global agenda today, pushing U.S. crude futures up over $2, tripling Russian oil revenues, and triggering capital outflows from Egypt and Turkey. Bitcoin slipped below $70,000 despite $11.3 billion in ETF inflows struggling to absorb retail selling, while the White House moved to unlock the $10 trillion 401(k) market for crypto and the CFTC promised imminent regulatory clarity. On the diplomatic front, Trump is heading to China in May for talks with President Xi, Iran is reviewing a U.S. 15-point peace proposal, and global investors are piling into U.S. Treasuries at record levels as a safe haven. Nvidia, meanwhile, faces a $1 billion class action lawsuit over alleged crypto mining revenue concealment — adding corporate controversy to an already turbulent day across markets and geopolitics.$BTC $BNB