Iran just drew a hard line with mediators: no delegation to Islamabad unless the U.S. lifts port blockades.

This matters for macro:

→ Geopolitical tension = oil volatility

→ Oil spikes = inflation fears = Fed hawkish = risk-off for crypto

→ Iran sanctions escalation could push BTC as a neutral settlement layer narrative

Watch crude futures. If this escalates, expect liquidity to drain from alts into majors or stables. Positioning accordingly.