🪐 Geopolitics Over Prices Trump is treating Iran as the only real variable that matters, and that tells me he sees the market through a war-risk lens, not a kitchen-table lens. The inflation print matters, but in his framing it is secondary to the oil shock that could follow if the Middle East stays unstable. ⚖️ That’s the bull case and the bear case colliding in one headline: a faster path to peace could ease energy pressure and calm markets, while a prolonged standoff keeps inflation sticky and leaves risk appetite vulnerable. From what I observe, the bear scenario has more weight right now because energy is doing the damage first, and energy tends to leak into everything else. If that chain reaction persists, the market stops caring about the headline number and starts pricing the second-order effects. 👁️‍🗨️ The sharp takeaway: when geopolitics starts steering inflation, the whole macro story gets less about growth and more about how long the energy tax lasts. #BTC #Macro #Inflation