WTI traded near $92.67 and Brent near $106 after an attack on an oil tanker in the Strait of Hormuz and continued uncertainty over a Russia and Ukraine energy ceasefire, pushing crude to its highest in nearly a month. The Dollar Index held near 102.50, its strongest since April of last year, and the 10-year Treasury yield stayed above 5% with Cleveland Fed President Beth Hammack taking a hawkish line. Higher oil feeds inflation, inflation strengthens the case for another hike, and a stronger dollar works against Bitcoin on its own. Paul Howard, senior director at market maker Wincent, expects institutions to add protection through derivatives into the CPI report rather than cut exposure, which is the behavior that shows up as flat price and rising options activity rather than selling. Note that sources differ on the release day, with some listing Wednesday October 14 and CoinDesk referring to Thursday, so treat the exact date as worth checking.