military conflict

Bitcoin pulled back to $66,700 as traditional markets opened with the first opportunity to react to the weekend’s military escalation, with oil soaring to $77 and Asian stocks falling 1.4 percent.

Oil futures rose sharply by more than 8% in early trading on Monday, reaching a multi-month high. In the first trading after the attacks on Iran, Brent crude, the international benchmark, rose 13% to reach $82.37 a barrel. However, it later corrected slightly and rose another 7% in London.

Donald Trump told the Daily Mail that he was open to further talks with Iran, but could not say whether they would take place “anytime soon”. The US president addressed the American people for the second time in 48 hours.

Iran’s supreme leader, Ayatollah Ali Khamenei, who ruled the Islamic Republic for more than three decades, died Feb. 28 in U.S. and Israeli airstrikes on Tehran. He was 86 years old. Iranian media confirmed his death at work and declared a 40-day mourning period.