The post Euro watches its best arguments sink in the Strait of Hormuz appeared on BitcoinEthereumNews.com.
The Euro spent Tuesday assembling the sort of case that should buy a currency a bid: hawkish-leaning remarks from an unlikely corner of the European Central Bank (ECB), a softening American payrolls proxy, and a Federal Reserve (Fed) regional president content to say nothing new. The market read the file, shrugged, and sold the single currency anyway, fading it from an early peak just shy of 1.1450 to a 1.1406 close, its weakest finish since last Wednesday. The Strait of Hormuz then finished the job, with late-session headlines confirming fresh Iranian strikes on commercial shipping and an American military and sanctions response that handed the Dollar a haven bid into the close. What began as quiet positioning ahead of Wednesday’s Federal Open Market Committee (FOMC) minutes ended with the pair pinned near its low and Brent Crude Oil sharply higher. A hawkish dove, a soft payroll
The post Gold edges lower to near $4,100 on renewed US–Iran tensions appeared on BitcoinEthereumNews.com.
Gold price (XAU/USD) loses ground to around $4,100 during the early Asian session on Wednesday. The precious metal faces new selling pressure after the US vows a response against Iran following reports of attacks on three oil tankers in and around the Strait of Hormuz. Traders await the release of the Federal Reserve’s (Fed) June meeting minutes later on Wednesday. “US Central Command forces have begun launching a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway,” Centcom said on Tuesday. The US military added that the strikes were in response to Iranian attacks on three commercial vessels that were transiting the Strait of Hormuz. Renewed tensions threaten to further destabilize relations between Washington and Tehran after both countries inked an interim peace de
The post U.S. Launches New Strikes Against Iran—Here’s Why appeared on BitcoinEthereumNews.com.
Topline The U.S. launched its latest strikes against Iran on Tuesday, according to U.S. Central Command, which said the military operations were made in response to Iranian attacks on commercial ships in the Strait of Hormuz—a major oil shipping route that remains a sizable point of contention in U.S.-Iran peace efforts. An F/A-18E Super Hornet prepares to make an arrested landing on the flight deck of Nimitz-class aircraft carrier USS Abraham Lincoln in support of Operation Epic Fury on March 1, 2026. Photo by U.S. Navy via Getty Images Key Facts U.S. Central Command said its forces started launching “a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians,” according to a statement. The strikes come shortly after President Donald Trump revoked a waiver authorizing the sale of Iranian oil, marking the lates
The post Tehran markets ship attacks as customer service; Washington responds with ordnance appeared on BitcoinEthereumNews.com.
Iran’s Foreign Ministry spent Tuesday insisting it is diligently fulfilling its Strait of Hormuz commitments under the memorandum signed at Versailles, hours after projectiles struck a Qatari liquefied natural gas carrier and a Saudi tanker inside the waterway it claims to be safeguarding. The spokesperson cast vessels sailing routes uncoordinated with Iran, or masking their transponders, as authors of their own misfortune, then professed bafflement at Qatar’s accusations, framing them as an affront to neighbourly principle. Rezaei, advisor to the Supreme Leader, completed the set by declaring it obvious that Washington will steer the talks to failure; blame for a collapse is being assigned before the collapse arrives. Washington’s answer skipped the podium entirely, with Central Command announcing a series of intense strikes on Iran to penalize the targeting
The post New Zealand Dollar slips ahead of RBNZ rate decision appeared on BitcoinEthereumNews.com.
NZD/USD loses ground near the 0.5680 level as investors look ahead to Wednesday’s Reserve Bank of New Zealand (RBNZ) policy decision, while the US Dollar (USD) remains supported by cautious remarks from the Federal Reserve (Fed). The latest US labor data showed the ADP Employment Change 4-week average eased to 21K from 24.25K, pointing to softer private hiring. However, the Greenback held firm after New York Fed President John Williams said the US economy is growing at a steady pace, the labor market remains stable, and inflation is still elevated. In New Zealand, the RBNZ is widely expected to raise the Official Cash Rate (OCR) by 25 basis points, from 2.25% to 2.50%, ending a three-meeting pause. The decision could bring volatility, as economists remain divided after May’s close 3-3 split, when Governor Breman cast the deciding vote to hold rates steady. Short-term technical analysis: O
Geopolitical tensions near the Strait of Hormuz highlight vulnerabilities in global energy markets and challenge Bitcoin's safe-haven status.
The post Explosions near Strait of Hormuz rattle oil markets and send Bitcoin sliding appeared first on Crypto Briefing.
The post Washington revokes Iran’s Crude Oil waiver 19 days after granting it appeared on BitcoinEthereumNews.com.
The United States Treasury Department revoked the general license authorizing Iranian Crude Oil sales on Tuesday, ending the shortest-lived sanctions relief of the ceasefire era hours after three tankers were struck in the Strait of Hormuz. The move strips Tehran of the single largest revenue concession it extracted from last month’s talks and puts the entire fourteen-point framework on notice. Nineteen days of goodwill The waiver survived nineteen days between issuance and revocation, which tells the market everything it needs to know about how Washington scores compliance. The license arrived in June under the fourteen-point memorandum of understanding that reopened the Strait of Hormuz and originally permitted Iranian sales through August 21; the Treasury now orders those transactions unwound by July 17. American officials framed the decision in strictly transactional t
The post Forex Today: US Dollar steadies as Williams keeps inflation caution alive appeared on BitcoinEthereumNews.com.
Here is what you need to know on Wednesday, July 8: The US Dollar Index (DXY) trades near the 101.00 area, recovering modestly after two days of running in place as investors digest softer US labor data and cautious comments from Federal Reserve (Fed) officials. The latest ADP Employment Change 4-week average eased to 21K from 24.25K, pointing to slower private hiring momentum. However, the Greenback maintained its ground as New York Fed President John Williams said that inflation remains too high, but added that monetary policy is well-positioned and future decisions will depend on incoming data. US Dollar Price Today The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Swiss Franc. USD EUR GBP JPY CAD AUD NZD CHF USD 0.23% 0.24% 0.00% -0.04% 0.34% 0.34% 0.38% EUR -0.23% -0.01% -
Escalating tensions near the Strait of Hormuz could disrupt global oil supply, impacting energy prices, inflation, and crypto market dynamics.
The post US strikes Iranian military sites near Strait of Hormuz after cargo ship attack appeared first on Crypto Briefing.
