Saudi Arabia carried out more than 135 airstrikes against Yemen within three days; all flights at the Jazan airport were suspended. Iran’s message was basically that even if it returns to the deal, it will still win. This Middle East storyline is tightening again—and this time it isn’t just talk: real bombs are falling. When geopolitical tensions escalate, the first instinct for capital is to rush into safe-haven assets. The last time the Middle East truly went to war, $BTC was hit and saw an 8% short-term drop, but it was fully recovered within a week. This time, if the situation keeps expanding, you can hardly avoid short-term volatility. What’s interesting, though, is that Iran’s stance this time is clearly tougher; the “winning” behind it is hiding something far more complicated than what’s visible on the surface. $ETH has been hovering near key levels these past two days. If safe-haven sentiment spreads across the whole risk-asset complex, the probability of a synchronized downside move is not small. However, what really needs to be watched isn’t oil prices—it’s the fact that there’s still a card left unturned. How big do you think this Middle East situation will get, or will it quiet down in a few days?