As tensions between the U.S. and Iran escalate, particularly in the Strait of Hormuz, global markets are reacting with volatility. Iran's recent firing at American warships has raised concerns about the stability of the cease-fire, leading to fluctuations in oil prices. Brent crude fell to $113.24 per barrel, while U.S. stocks showed a modest recovery, with the S&P 500 and Dow Jones Industrial Average both up 0.3% in premarket trading. Conversely, Bitcoin surged to a three-month high of $81,272, reflecting strong demand amid geopolitical uncertainties. In Europe, markets opened positively, with the Stoxx 600 index edging up 0.1%. The dollar strengthened as investors sought safe-haven assets, while U.S. Treasury yields dipped slightly. Analysts suggest that the rising tensions could hinder shipping activities in the Strait, impacting oil exports from the region.