Trump warns of a potential strike on Iran's most heavily guarded underground nuclear facility soon, stating that if the Houthis block Saudi energy exports, the U.S. will intervene directly. Iran responded by saying that any U.S. attack on its nuclear facilities would be seen as a full-scale escalation of regional war, with the U.S. and its allies becoming targets. Both sides are turning up the rhetoric, and the U.S. military has carried out its tenth consecutive night of airstrikes. The situation continues to heat up. The back-and-forth between Trump and Iran has already pushed Brent crude oil above $92. While risk markets have been climbing in recent days, the Middle East situation is currently the biggest variable for global markets. If the conflict escalates further, Brent crude could very well head toward $100 or even $120, and markets will shift back to trading on rising oil prices, inflation rebounds, and the Fed maintaining high interest rates. No trades recently—still holding a half-spot position, primarily in BTC, with small allocations to U.S. stocks and gold. Not chasing the rally or rushing to buy the dip at this stage. Continuing to monitor the macro environment and waiting for the emergence of an X-factor that could truly shift the market's major trends.