The biggest change in the US-Iran conflict over the past two days is that it has started to go beyond military targets. Energy infrastructure and civilian facilities are now being targeted, which means the situation is escalating to a point where it could impact the markets. On Friday, Kuwait reported that Iran expanded its attack range to include Kuwait's power and desalination plants. Iraqi officials stated on Thursday that the largest gas field in the northern Kurdish region was shut down due to threats of an attack. Meanwhile, US forces extended their airstrike targets to Chabahar Port, 350 miles beyond the Strait of Hormuz. Neither side has shown any signs of backing down. Iran reported striking a ship that crossed the strait without authorization, while the US claimed to have intercepted six ships within three days of reinstating the blockade. The deepening military conflict has already had a direct impact on the global energy market. According to vessel tracking agency Kpler, traffic through the Strait of Hormuz has dropped to a three-week low. The biggest factor is that oil prices have broken through the previously discussed $89-$85 range. Looking at Brent crude's trend, there are faint signs of breaking through the moving average resistance, which requires close attention. If it truly breaks through and stabilizes, the market will be influenced by oil prices for some time to come. After the conflict erupted on the 7th, oil prices initially rebounded but not significantly. This week’s CPI and PPI data were strong, so the market may temporarily overlook the impact of the US-Iran conflict. However, if there are no signs of easing after two weeks, and oil prices break through resistance levels, the market's patience will start to wear thin. This post is sponsored by @bitget_zh: "Bitget Buy US Stocks: Instant entry, seamless trading