Thursday 24 September 2026 07:00 UTC
Geopolitical risk remains elevated as the Iran war continues to disrupt oil markets, with U.S.-Iran diplomacy breaking down and Gulf nations absorbing escalating costs to maintain supply routes — driving a fresh spike in crude that is pressuring risk assets broadly. Bond yields are moving higher alongside oil, creating a classic risk-off squeeze that is hitting crypto directly. DXY holds relatively stable at 101.12 with a neutral macro bias, but the yield/oil combination is the primary headwind for today's session. Key risk: Any further deterioration in Iran diplomacy or a surprise yield move could accelerate crypto selling pressure.