Bitcoin ticked up slightly on Thursday, as the crypto continued to be mostly unaffected by the developments in the Middle East.

The world’s largest cryptocurrency last traded 2% higher at $71,653.5 by 20:23 ET (00:23 GMT).

Bitcoin appears to be consolidating around the $70,000 mark as markets digest the ongoing war between the U.S., Israel, and Iran.

Oil prices rose sharply on Thursday and hit the key $100 per barrel level, after Iran’s new leader Mojtaba Khamenei warned that a critical waterway for global shipping will remain closed as the U.S. and Israel continue an assault of the country.   

Brent oil futures, the global benchmark, rose 8% to $99.34 a barrel by 12:57 ET (16:57 GMT), having earlier hit a session high at $101.57 a barrel. Meanwhile, U.S. West Texas Intermediate crude futures climbed 8.6% to $94.77 per barrel.

Gold prices edged lower on Thursday, as few signs of de-escalation in the U.S.-Israel war with Iran spurred flows into higher energy prices stoked inflation fears.

Spot gold had slid by 0.5% to $5,149.76 an ounce and gold futures had dropped by 0.5% at $5,155.10/oz as of 10:37 ET (14:37 GMT). 

Oil prices climbed on Thursday after Iraqi security officials said Iranian explosive-laden boats had hit two fuel oil tankers amid other global supply disruptions from the U.S.-Israeli war on Iran.

Brent futures rose $5.69, or 6.19%, to $97.67 a barrel at 0118 GMT, and U.S. West Texas Intermediate (WTI) crude was up $5.11, or 5.86%, to $92.36.