In what has become a familiar scenario in crypto over the past few months, prices are starting the week on the wrong foot.
After little sign over the weekend of any de-escalation in the U.S. war against Iran, the price of oil exploded Sunday night in U.S. trading. April WTI crude oil futures are currently up 19.1% at $108.35 per barrel. That’s about double the price at the start of 2026 and the highest level in about four years.
That rise, in turn, sent U.S. stock index futures down nearly 2% across the board. Futures on Japan’s Nikkei 225 are down 3.1% shortly before the stock market opens Monday.
Bitcoin is 2% lower and trading just below $66,000. Ether (ETH) and solana (SOL) are down closer to 1.4%.
A check of other commodity prices reveals that precious metals and copper are all trading slightly lower.
