Oil Pumps, Bitcoin Holds the Door: Trump Vows to "Beat the Sh*t" Out of Iran 🇺🇸

President Donald Trump pledged retaliation after U.S. Central Command said Iran launched missiles at American forces in the Middle East, ending a brief pause in direct fighting. "We are going to beat the f**king sh*t out of them," Trump said in televised remarks, as markets repriced renewed war risk. CENTCOM reported it intercepted a "surprise attack" on U.S. positions, and Jordan's military said it brought down five Iranian missiles early Wednesday. Iran also fired missiles at U.S. military sites in Jordan, widening the conflict beyond earlier fronts.

U.S. and Saudi forces carried out joint strikes against Iran-allied Popular Mobilization Forces in Iraq, with the group reporting at least 20 people killed. The action places Saudi Arabia closer to the military confrontation between Washington and Tehran-backed forces, and a pro-Iranian militia coalition later gave Baghdad an ultimatum to respond to the strikes.

Brent crude jumped 7.1% to $87.87 as fighting resumed and shipping routes faced pressure. U.S. equities lost $670 billion in market value during the selloff, while $BTC held near $64,500 after the Federal Reserve held its policy rate steady. Treasury yields rose alongside oil as traders shifted into energy and defensive positions.

The renewed hostilities interrupted a brief de-escalation that had allowed diplomatic channels to reopen earlier this week, according to officials cited in regional reports. Central banks and energy ministries across the Gulf are monitoring the corridor for any disruption to tanker traffic through the Strait of Hormuz, through which a significant share of global seaborne oil flows.

Analysts noted that gold also bid higher as a traditional haven, while crypto majors traded sideways rather than rallying as a risk-off hedge. No central bank has publicly commented on digital assets in response to the latest escalation, and no new sanctions targeting crypto infrastructure have been announced at the time of writing.