{"id":74615,"date":"2026-11-12T23:08:22","date_gmt":"2026-11-13T03:08:22","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-middle-east-tensions-and-crypto-volatility\/74615\/"},"modified":"2026-11-12T23:08:22","modified_gmt":"2026-11-13T03:08:22","slug":"global-markets-react-to-middle-east-tensions-and-crypto-volatility","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-react-to-middle-east-tensions-and-crypto-volatility\/74615\/","title":{"rendered":"Global Markets React to Middle East Tensions and Crypto Volatility"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Bitcoin (BTC)<\/strong> fell below the critical <strong>$70,000<\/strong> psychological level, dropping roughly <strong>2%<\/strong> as institutional outflows from spot ETFs and hawkish Federal Reserve expectations intensified selling pressure.<\/li>\n<li><strong>Crude <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a><\/strong> experienced significant volatility; while <strong>Brent<\/strong> initially rose <strong>3.3%<\/strong> to <strong>$95.82<\/strong> following Houthi attacks on Saudi infrastructure, prices later slipped as markets weighed a potential diplomatic breakthrough between the <strong>U.S.<\/strong> and <strong>Iran<\/strong>.<\/li>\n<li><strong>Yemen&#39;s Houthi rebels<\/strong> claimed a successful drone strike on <strong>Pumping Station No. 7<\/strong> of Saudi Arabia\u2019s <strong>East-West oil pipeline<\/strong>, a critical alternative route that handles approximately <strong>4 million barrels per day<\/strong>.<\/li>\n<li><strong>Indonesia&#39;s Jakarta Composite Index (JCI)<\/strong> surged <strong>1.6%<\/strong> to reach <strong>5,332.359<\/strong>, rebounding from recent lows as political uncertainty moderated and local blue-chip stocks attracted buyers.<\/li>\n<li><strong>Russian drone strikes<\/strong> in Ukraine&#39;s <strong>Sumy region<\/strong> killed two civilians, according to local officials, highlighting the ongoing human toll of the conflict as energy infrastructure remains under threat.<\/li>\n<\/ul>\n<h2>Bitcoin Retreats Amid Institutional Selling<\/h2>\n<p>Bitcoin (<a href=\"\/stock\/BTC\">BTC<\/a>) has retreated below the <strong>$70,000<\/strong> mark, extending a multi-week decline that has seen the digital asset lose momentum after failing to hold higher support levels. The downturn is largely attributed to sustained outflows from <strong>U.S. spot Bitcoin ETFs<\/strong>, which recorded over <strong>$1.3 billion<\/strong> in net withdrawals last week, alongside a stronger-than-expected <strong>October CPI<\/strong> report that has fueled bets on a December interest rate hike.<\/p>\n<p>Analysts note that the technical outlook remains tilted to the downside, with the next major support zone identified at <strong>$65,000<\/strong>. The broader crypto market is also feeling the impact of management turmoil at <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>), where the sudden resignation of CEO <strong>Jensen Huang<\/strong> has dented risk appetite across technology-linked assets.<\/p>\n<h2>Houthi Attacks Target Saudi Oil Infrastructure<\/h2>\n<p>Geopolitical risks in the Middle East escalated after the <strong>Houthi movement<\/strong> announced a series of targeted attacks on Saudi Arabian energy facilities. The group claimed to have hit <strong>Pumping Station No. 7<\/strong> on the <strong>East-West Pipeline<\/strong> using drones and targeted an oil facility in the Red Sea city of <strong>Yanbu<\/strong> with a ballistic missile.<\/p>\n<p>The <strong>East-West Pipeline<\/strong> is a strategic asset for Saudi Aramco (<a href=\"\/stock\/ARMCO\">ARMCO<\/a>), allowing the kingdom to bypass the <strong>Strait of Hormuz<\/strong>, which remains partially blockaded. While the Saudi-led coalition reported intercepting several drones, the threat of disruption to <strong>4% of global oil supply<\/strong> briefly sent <strong>Brent<\/strong> and <strong>WTI<\/strong> futures higher before diplomacy-related selling took hold.<\/p>\n<h2>Crude Slips on Diplomatic Hopes<\/h2>\n<p>Despite the attacks in Saudi Arabia, crude oil prices faced downward pressure following reports from the <em>Wall Street Journal<\/em> regarding a potential diplomatic opening. <strong>U.S. President Donald Trump<\/strong> indicated that military action against <strong>Iran<\/strong> is &quot;highly unlikely&quot; if negotiations progress, citing positive discussions mediated by <strong>Qatar<\/strong>.<\/p>\n<p><strong>West Texas Intermediate (WTI)<\/strong> crude slipped toward <strong>$87 a barrel<\/strong> as traders shifted focus from immediate supply risks to the possibility of a &quot;strong agreement&quot; that could stabilize the region. However, the market remains on edge, as any failure in talks could quickly return the focus to the hawkish floor provided by ongoing regional hostilities.<\/p>\n<h2>Jakarta Market Gains on Easing Political Jitters<\/h2>\n<p>In Southeast Asia, the <strong>Jakarta Composite Index (JCI)<\/strong> provided a bright spot, gaining <strong>1.6%<\/strong> to close at <strong>5,332.359<\/strong>. The rally was supported by a recovery in heavyweights such as Bank Central Asia (<a href=\"\/stock\/BBCA\">BBCA<\/a>) and Astra International (<a href=\"\/stock\/ASII\">ASII<\/a>) as investors reacted to moderating political domestic uncertainty.<\/p>\n<p>The market&#39;s rebound comes after a period of intense volatility triggered by <strong>MSCI&#39;s<\/strong> review of Indonesia\u2019s market status. While concerns over transparency and governance persist, the recent gains suggest that local investors are finding value in blue-chip equities following an <strong>11%<\/strong> plunge earlier in the quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Bitcoin (BTC) fell below the critical $70,000 psychological level, dropping roughly 2% as institutional outflows from spot ETFs [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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