Oil prices surged over 2% after Iran's Revolutionary Guards struck a US airbase. Bitcoin fell below $73K, triggering $1B in crypto liquidations.

Brent crude jumped over 2% to $102 after US strikes on Iranian targets in the Strait of Hormuz, rattling crypto markets and raising inflation concerns.

Crypto majors sold off 3% to 4% and nearly $1 billion in leveraged positions were wiped out after U.S. airstrikes on an Iranian military site near the Strait of Hormuz reignited…