Brent crude surged past $97 after Iran-Israel strikes while Bitcoin fell below $63K. Here's what the geopolitical shock means for oil and crypto investors.

Oil prices jumped over 3% on Monday as escalating strikes between Iran and Israel heightened fears of prolonged regional instability, threatening a fragile ceasefire.

Oil prices surged close to 5% by Monday midday after Israel and Iran exchanged strikes, testing a fragile truce and threatening hopes for a deal to end the...