According to Mihir (@RhythmicAnalyst), the ongoing conflict in the Middle East is fueling a significant surge in oil and gas prices, leading to heightened inflation concerns. Mihir emphasizes that rather than expecting a Federal Reserve rate cut, traders should prepare for the possibility of a rate hike if geopolitical tensions persist. This scenario typically results in tighter monetary policy, which has historically placed downward pressure on risk assets like cryptocurrencies such as BTC and ETH. Elevated energy prices contribute to sustained inflation, reducing the likelihood of Fed easing and potentially triggering further volatility across crypto markets. (Source: Mihir via Twitter, June 17, 2025)