Oil Jumps, Stocks Slip, Bitcoin Shrugs After US Strikes Iran

Oil prices climbed and equities pulled back after missiles flew in the Gulf following a US strike on Iran, according to wire reports covering the session. Bitcoin, by contrast, barely moved, extending its run as August's best-performing major asset even as the geopolitical backdrop worsened. The divergence matters because it suggests traders are treating the escalation as an oil-supply risk rather than a broad flight from risk assets. Adding to the noise, President Trump posted an AI-generated video claiming Iran's Kharg facility had been reduced to "smithereens," though no independent evidence of such an attack has surfaced, leaving the actual scale of any strike unconfirmed. What remains unresolved is whether crude's gain holds if the conflict does not escalate further, and whether equity weakness deepens if Iran retaliates against energy infrastructure or shipping lanes.