UAE-linked tankers hit again in Hormuz as ceasefire deadline expires.

Oil supply risks from repeated attacks in the Strait of Hormuz now dominate the tape as the U.S.-Iran ceasefire deadline passes without extension. Brent crude holds above $91 with limited new transit data confirming the squeeze. Bitcoin drifts higher on thin volume while yields edge up and the dollar stays flat, showing no broad risk-off repricing yet. The ignored tension sits in how sustained energy costs could lift inflation expectations without triggering the monetary easing that has historically supported risk assets. No clear transmission exists from Hormuz shipping data to Bitcoin flows today. How long can higher oil coexist with stable equities and contained volatility before one side gives?