What are the U.S. and Iran doing this weekend that is making the markets nervous?
Gold and oil prices are going up, stocks are going down, and BTC is back near $66K. All of this is happening because of mounting tensions:
Israel attacked important Iranian nuclear and industrial sites. Iran fired missiles and attacked U.S. bases in response. The Strait of Hormuz is now completely closed, which is a big concern for the whole world.
Both parties are also signaling that they would talk this weekend.
But this doesn't seem like de-escalation; it seems like getting ready for talks. Markets aren't reacting to peace. They are acting because they are unsure.
This weekend could be the deciding factor: a deal... or a much greater fight.
