Trump nears decision on large-scale attack on Iran, rattling crypto markets and oil prices

President Donald Trump is reportedly close to deciding whether to launch what would be the largest US military strike against Iran to date. Michael Doran, a senior fellow at the Hudson Institute and a prominent analyst of Middle East geopolitical strategy, flagged the decision as imminent, pointing to a convergence of military readiness, economic leverage, and political calculus driving the administration’s posture. For crypto investors, this isn’t just a foreign policy story. It’s a market story. The US Treasury has already seized or frozen over $1 billion in Iranian-linked digital assets, oil has blown past $100 per barrel, and Bitcoin is whipsawing on every headline. The crypto front of economic warfare The US Treasury Department, led by Secretary Scott Bessent, has been systematically dismantling Iran’s digital financial infrastructure. The crown jewel of that campaign: sanctions on Nobitex, Iran’s largest cryptocurrency exchange. Nobitex reportedly processed more than half of all digital asset activity in the country. In total, over $1 billion in Iranian-linked crypto assets have been seized or frozen. The strategy is straightforward: cut off the financial arteries that allow ...