Bitcoin Targets $80K as Trump Alludes To End To Iran War
Oil prices fell and U.S. stocks recovered as Trump suggested a possible Iran agreement, while conflicting statements kept the outlook uncertain.
- On Monday, President Donald Trump suggested the United States-Iran conflict could be nearing an end, causing oil prices to dip while Bitcoin prices rose above $79,000.
- Expanding conflict threatens key oil-transit routes, including the Strait of Hormuz, Saudi Arabia's East-West pipeline, and the Bab El-Mandeb Strait, with traders warning closures could affect 4% of global oil supply.
- Rejecting the claim that Tehran sought a quick agreement, Iranian state media left markets without confirmation from both governments regarding any potential deal's status.
- The Federal Reserve meets Wednesday to decide on interest rates, with markets pricing a 92.7% probability of a 25-basis-point hike that investors have already largely priced in.
- Extended pipeline closures could affect 4% of global oil supply, with uncertainty over energy costs and Federal Reserve policy continuing to influence volatility in risk assets like Bitcoin.
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Trump Blames Biden for High Prices, Predicts Oil Drop After Iran War
President Donald Trump said Monday that former President Joe Biden is responsible for higher prices facing Americans and predicted oil costs will fall sharply when ... The post Trump Blames Biden for High Prices, Predicts Oil Drop After Iran War first appeared on [your]NEWS.
Bitcoin price nears $80K as Trump signals Iran talks
Bitcoin price has risen about 3% to $79,143 after touching $79,325, even as conflicting U.S. and Iranian statements have kept the path toward a possible agreement unclear. Trump’s comments have supported the Bitcoin price rebound Bitcoin’s recovery unfolded as U.S.…
Sapo
SIC NotíciasU.S. President insists that the offensive prevented Tehran from obtaining a nuclear weapon and predicted that oil will drop as soon as the military conflict ends."
Donald Trump has blamed former US President Joe Biden for runaway inflation and high oil prices, adding that the "military conflict" with Iran will soon be over.
Oil prices "will collapse as soon as the military conflict with Iran ends, and it won't take long." Donald Trump said so on his social Truth, pointing his finger at Joe Biden for price increases in America. (ANSA)
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