In the past two weeks, the world's attention has been focused on the Middle East.
As the two most important powers in the Middle East, the conflict between Iran and Israel not only signifies a sudden disruption of the superficial peace in the region, leading to escalating chaos, but it also stirs up global turmoil. Currently, this war triggered by nuclear issues not only ensnares Iran and Israel, forcing proxy wars to shift into direct confrontations, but it also compels the United States to quickly intervene, and the situation is gradually escalating.
Under the risk aversion sentiment, global markets have plunged into turmoil, with hard assets like gold and the US dollar rapidly rising, contrasting with the ominous atmosphere in risk markets. It must be acknowledged that the flames of war between Israel and Palestine are also spreading into the crypto space.
To discuss the recent Israel-Iran conflict, one cannot avoid the issue of Iran's nuclear program. In fact, Iran's nuclear program began earlier than one might think. As early as 1957, during the Cold War, to prevent the spread of Soviet influence southward, the United States collaborated with the pro-American Shah of Iran, Mohammad Reza Pahlavi.