Bitcoin traded near $79,700, down nearly 1% since midnight UTC, as crude prices rose following a weekend escalation in the U.S.-Iran war. U.S. Central Command, or Centcom (U.S. military command), said U.S. forces struck three Iranian oil tankers near Kharg Island, Jask and the Gulf of Oman. WTI crude rose 1% to $92.72 and has gained more than 6% during the first seven days of September, extending its recovery from an early July low of around $70. Higher oil prices can increase global inflation and make it more difficult for central banks, including the Federal Reserve, to reduce borrowing costs, creating a headwind for liquidity-sensitive markets. Bitcoin fluctuated around $80,000 over the weekend, while the Liquid Network (a blockchain settlement network) faced a $320 million exploit late Sunday. Expectations for a Federal Reserve rate hike strengthened after stronger-than-expected August job growth, although President Donald Trump called for lower rates. The resulting tension between a dovish president and a strong labor-market report could weigh on investor risk appetite in Bitcoin and broader markets.