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According to Golden Ten Data on May 18, spot gold has fallen below $4,500 per ounce for the first time since the end of March, dropping 0.85% on the day.

According to ChainCatcher, as reported by CryptoBriefing, Iran has launched its national government-backed digital maritime insurance platform, Hormuz Safe, to provide maritime insurance for vessels passing through the Persian Gulf and the Strait of Hormuz, with settlements in Bitcoin and other cryptocurrencies. The Iranian government believes that if the platform can capture a significant share of the Persian Gulf shipping insurance market, it could generate more than 10 billion US dollars in revenue.

Amid almost no sign of a peace agreement between the US and Iran, concerns over a possible further rise in energy prices have intensified, triggering this sell-off. Tomonobu Yamashita, an analyst at BofA Securities Japan, said in a research report: "In the short term, there appear to be almost no catalysts to curb the rise in yields." In addition, Yamashita said: "The supply-demand imbalance is pushing up Japanese government bond yields." Yamashita added that "there have also been media reports that the Japanese government is considering drafting the first supplementary budget for fiscal year 2026." The yield on 10-year Japanese government bonds rose by 7.5 basis points to 2.775%, after previously reaching 2.800%, the highest level since October 1996.