#国际油价走高 International oil prices are rising mainly due to escalating Middle East geopolitical conflicts, disruptions in shipping through the Strait of Hormuz, and tight global crude oil supplies; combined with ongoing OPEC+ production cuts and rising market risk aversion, these factors are jointly pushing up oil prices. The increase in oil prices boosts inflation expectations, while the Federal Reserve's rate cut expectations cool down, liquidity tightens, and cryptocurrencies, as high-risk assets, face short-term pressure; intensified geopolitical conflicts heighten market risk aversion, leading funds to favor traditional safe-haven assets like gold.