U.S. President Donald Trump has pledged to hit Iran 'extremely hard' in an effort to prevent Iran from acquiring nuclear weapons, codenamed Operation Epic Fury. The S&P 500 and gold declined by around 2% and 4%, while crude oil rose from $98 to $107 per barrel. The selloff was exacerbated by weakening institutional support and uncertainty surrounding the ongoing conflict. Spot Bitcoin exchange-traded funds have had a $296.18 million outflow last week, marking the end of a four-week trend. The price of oil futures also decreased on prediction market Myriad, suggesting that the next move could take it to $120 a barrel, up from 69% Wednesday.