According to The Kobeissi Letter, oil prices are surging toward $70 per barrel following reports of loud explosions in Iran’s capital. This geopolitical escalation has triggered immediate price movements in global energy markets, which historically correlate with increased volatility in major cryptocurrencies such as BTC and ETH. Traders should monitor correlation patterns between oil price shocks and crypto market reactions, as heightened geopolitical risk may lead to short-term trading opportunities and volatility spikes across digital assets. Source: The Kobeissi Letter (@KobeissiLetter, June 13, 2025).