Oil Surges Above $115 on Iran Tensions as Dollar Strengthens and Bitcoin Options Show Volatility Hedging

Oil prices climbed above $115 amid escalating geopolitical tensions involving Iran, triggering risk-off sentiment across global markets, QCP said. The U.S. dollar strengthened while Bitcoin remained relatively resilient, with options flows indicating volatility hedging activity rather than panic-driven selling, even as Treasuries and gold weakened on persistent inflation concerns. Key U.S. macro events this week include CPI data on March 11, jobless claims on March 12, and Core PCE alongside JOLTS data on March 13.