Iran accuses US of violating Strait of Hormuz traffic agreement

The post Donald Trump Says Iran Ceasefire Deal Is Over appeared on BitcoinEthereumNews.com. The post Donald Trump Says Iran Ceasefire Deal Is Over appeared first on Coinpedia Fintech News President Donald Trump said the interim agreement with Iran to end the conflict is “over” and that he no longer wants to negotiate. The comments came after renewed U.S. strikes on Iran and Iranian attacks on U.S. military targets in Bahrain and Kuwait, as well as commercial shipping near the Strait of Hormuz. The escalation … Source: https://coinpedia.org/crypto-live-news/donald-trump-says-iran-ceasefire-deal-is-over/

The closure of the Strait of Hormuz and U.S. military buildup could destabilize global oil markets and escalate regional military conflicts. The post Iran shuts Strait of Hormuz as US deploys Carrier Strike Group appeared first on Crypto Briefing.

The post Bitcoin looks calm but a July 17 oil deadline looms as Iran shock sends crude up 5% appeared on BitcoinEthereumNews.com. The US Treasury’s Office of Foreign Assets Control revoked General License X on July 7, cutting off the authorization that had allowed Iranian crude oil, petrochemical, and petroleum-product transactions through Aug. 21. Its replacement, General License X1, permits only wind-down transactions through 12:01 a.m. ET on July 17. Brent crude settled at $74.16 and WTI at $70.44 that day, then extended gains in post-settlement trade to about $76.03 and $72.20, putting both benchmarks over 5% above the prior session. Tanker attacks near the Strait of Hormuz drove that move, and maritime authorities raised transit risk through the strait to severe, with US officials warning of further consequences. Bitcoin absorbed the same news near $63,317, trading within an intraday range of $62,711 to $64,435. A market that pushed crude more than 5% higher on renewed Middle East

Rising oil prices strain India's economy, impacting currency stability, inflation, and market valuations, highlighting geopolitical vulnerabilities. The post Indian stocks and rupee slump after Trump scraps Iran truce appeared first on Crypto Briefing.

The post Bitcoin drops as U.S., Iran airstrikes sink risk appetite across markets appeared on BitcoinEthereumNews.com. Crypto markets fell Wednesday after fresh airstrikes in Iran spurred a risk-off mood among investors. The CoinDesk 20 Index dropped 2.9% since midnight UTC, with all but one token declining. Addressing NATO leaders, U.S. President Donald Trump declared the ceasefire “over” and said negotiating with Iran is a “waste of time,” though talks continue, according to news reports. The U.S. Central Command said it hit more than 60 Islamic Revolutionary Guard Corps small boats to prevent them disrupting international shipping and Iran retaliated with attacks on Kuwait and Bahrain. The Dollar Index (DXY) rose as the reignited tensions are likely to stoke inflation concerns. Bitcoin BTC$62,077.39 and ether (ETH), the two largest cryptocurrencies, fell more than 2%. There were sharper losses across the more illiquid altcoin sector as JUP, ETHFI and PUMP all losing more than 5%. U.

The post Crypto Market Drops After Relief Rally as US Strikes Iran: BTC, ETH, XRP Prices Fall appeared on BitcoinEthereumNews.com. Key highlights: The crypto market is down by 1% today driven by the escalating geopolitical tensions Bitcoin, Ethereum, and XRP prices plummeted Oil prices surged, sparking a broader risk-off sentiment After experiencing a relief rally, the crypto market dropped today. The current negative trend is mainly driven by the United States’ latest military attacks on Iran. As a result, the oil prices surged, triggering a broader risk-off sentiment. Thus, investor sentiment towards risk assets like Bitcoin, Ethereum, XRP, and other cryptocurrencies faded, and the crypto prices dropped. The crypto market crash today is more noteworthy as it follows the recent rally. When the Bitcoin, Ethereum, and XRP prices surged past key levels on Tuesday, market participants were largely optimistic. However, things changed within hours amid escalating geopolitical tensions. US-I

Iran's control over the Strait of Hormuz highlights vulnerabilities in global oil supply chains, potentially sustaining elevated oil prices. The post Iran asserts control over Strait of Hormuz, oil prices rise amid disruptions appeared first on Crypto Briefing.

The widening US trade deficit may dampen GDP growth, complicate Fed policy, and influence crypto markets through dollar depreciation. The post US trade deficit widens to $77.6B in May as imports surge and exports slide appeared first on Crypto Briefing.