Trump Rejects Iran Deal, Demands Surrender; Oil Jumps as Bitcoin, Stocks Fall
President Trump’s rejection of a proposed Iran deal and public call for Tehran to “surrender” sparked a swift risk-off reaction Friday: oil prices jumped amid renewed supply fears while Bitcoin (BTC) and major U.S. stocks retreated. Traders moved to reprice geopolitical risk, favoring energy exposure and safer, less volatile positions, which pressured crypto and equity desks across the session.
At the same time, U.S. data made the Fed’s outlook less clear — the labor market showed a notable slowdown even as signs suggest inflation may be deteriorating — complicating expectations for monetary policy. That mix of geopolitical uncertainty and ambiguous inflation dynamics is likely to keep volatility elevated; investors should watch oil moves, Fed commentary, and BTC flows for signals on near-term market direction.