Summary
- Iran has reportedly launched a series of strikes on US targets in the Middle East.
- Renewed military tensions between the US and Iran could affect global oil prices and investor sentiment toward risk assets.
- Market caution is expected to increase as a result.
Iran has reportedly launched a series of strikes on US targets in the Middle East.
BlockBeats, a cryptocurrency-focused media outlet, reported on July 12, citing Xinhua, that Iranian media said Tehran had carried out a string of attacks on US targets across the region.
The specific sites hit and the extent of the damage have not been confirmed. Still, any renewed escalation in military tensions between the US and Iran could affect global oil prices and investor sentiment toward risk assets, heightening market caution.
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