According to The Kobeissi Letter, oil prices have surged above $64 per barrel following CNN's report that Israel has plans to attack Iranian nuclear facilities (Twitter, May 20, 2025). This geopolitical development has increased volatility across global markets, particularly impacting risk assets. Historically, such instability in the Middle East has led to higher demand for cryptocurrencies like Bitcoin and Ethereum as alternative stores of value, with on-chain data often showing increased inflows during similar crises (source: Glassnode, past conflict analysis). Traders should closely monitor crypto price action and volatility indices, as the spike in oil prices may signal further capital rotation into digital assets.