🚨 BREAKING: US Military has begun a new round of strikes on Iran, per Axios. S&P 500 futures immediately extended losses to their session low. The escalation cycle has moved from planning to execution: White House Situation Room meeting → military strikes announced → critical infrastructure threatened → a "secret mission" in the Strait of Hormuz claimed. The Energy Secretary is already disavowing any supply disruption — a tell that markets should brace for the opposite. **Hupzy take:** This is no longer rhetoric — it's kinetic action with real supply-chain implications. The Strait of Hormuz handles ~20% of global oil transit; any sustained disruption there ripples through energy prices, inflation expectations, and rate-cut timelines. For crypto, the read is mixed: acute risk-off typically drags BTC down with equities as traders liquidate for margin, but prolonged geopolitical stress can seed a safe-haven bid once the initial shock passes. Gold's reaction is the cleaner read — it tends to price escalation faster. **BTC** — watch whether the prior session low holds as a support zone. A break below it on escalating headlines opens the door to further deleveraging. **XAU** — already the beneficiary of flight-to-safety flows; any Hormuz closure rhetoric adds fuel. source: KobeissiLetter Track real-time signals & trade → https://hupzy.com/trending(Hupzy (Spot On Chain))