Oil Surges While Gold, Silver and Bitcoin Fall. Is the Iran Conflict Triggering a New Risk-Off Wave?

Renewed fears of a return to intense military conflict involving Iran are creating unusual pressure across global financial markets.
A market analyst highlighted the recent divergence between surging crude oil prices and weakening precious metals and Bitcoin.
Higher energy prices are increasing concerns about inflation, monetary policy and the broader economic consequences of geopolitical escalation.
Meanwhile, gold, silver and $BTC have reportedly faced selling pressure despite their different roles in investor portfolios.
The combination raises questions about whether markets are responding primarily to inflation risks, liquidity pressures or expectations of further military escalation.
However, the direction of these assets is not predetermined. Gold can attract safe-haven demand during crises, while Bitcoin's behavior often depends on broader risk appetite.
The next major test will be whether oil prices continue climbing and how financial markets respond to developments involving Iran.