U.S.-Iran escalation weighs on bitcoin, stocks as oil climbs
Your day-ahead look for July 14, 2026
Source: CoinDesk
―
DW NOTE
The Strait has been closed for 138 days. Oil is up 16% this week but still trades 27% below its one-year high. If markets believed the waterway was staying shut, crude would be at $120, not $86. The "Nacho trade" is a hedge against renewed escalation, not a conviction bet — and even now the reopening odds are 56%, barely changed from 65% before the latest flare-up.