Iran closes Strait of Hormuz, strikes US bases amid rising tensions

The accusation heightens geopolitical tensions, impacting market confidence and reducing the probability of imminent diplomatic resolutions. The post Iran accuses US of violating Islamabad MOU amid peace process uncertainty appeared first on Crypto Briefing.

The post Gold edges higher as cautious USD bulls eye Fed and Iran risks appeared on BitcoinEthereumNews.com. Gold (XAU/USD) edges higher during the Asian session on Wednesday and, for now, seems to have snapped a two-day losing streak after falling to sub-$4,100 levels, or the weekly trough touched the previous day. The US Dollar (USD) struggles to build on a modest uptick as bulls turn cautious ahead of the release of the June FOMC meeting Minutes. This is seen as a key factor acting as a tailwind for the bullion. The fundamental backdrop, however, warrants some caution before confirming that the pullback from levels just above the $4,200 mark, or a two-week high set on Monday, has run its course. The US military launched a new wave of strikes against Iran on Tuesday following reports of attacks on three oil tankers in the Strait of Hormuz, jeopardizing the already fragile ceasefire. Traders were quick to price in the geopolitical risk premium amid concerns about a further escalation

The post BTC, XRP, ETH news: Major tokens under pressure as U.S. attacks Iran appeared on BitcoinEthereumNews.com. Bitcoin BTC$62,830.35 and the broader cryptocurrency market came under pressure Tuesday after the US and Iran exchanged aerial strikes, sending the dollar higher. BTC, the leading cryptocurrency by market capitalization, slipped to $62,657 in Asian trading hours, down nearly 1% since midnight UTC, according to CoinDesk data. Ether (ETH), XRP (XRP), and solana (SOL) fell between 1% and 2.3%. WTI crude futures jumped more than 2% to $72.27, while the Dollar Index held steady above 101.00, maintaining Tuesday’s gains. The U.S. said it launched “powerful strikes” against Iran following attacks on three ships in the Strait of Hormuz, including Qatari and Saudi tankers. In response, Iran said it targeted “85 US military installations” in retaliation for strikes on its Hormozgan and Mahshahr provinces. The scale of the escalation appears to have pushed the two nations’ ceasefire

Khamenei's assassination may destabilize Iran's leadership, impacting regional alliances and market perceptions amid heightened geopolitical tensions. The post Iran funeral procession for Khamenei continues in Najaf amid tensions appeared first on Crypto Briefing.

The escalation risks broader regional conflict and geopolitical instability, potentially impacting markets and increasing airspace closure odds. The post Iran strikes Bahrain, Kuwait sites amid US conflict escalation appeared first on Crypto Briefing.

Iran's new fees in the Strait of Hormuz could escalate oil prices, alter global trade dynamics, and deepen geopolitical divides. The post Iran plans fees for ships in Strait of Hormuz, raising global concerns about oil prices and crypto payments appeared first on Crypto Briefing.

Iran's fee plan for the Strait of Hormuz could heighten geopolitical tensions, impacting global shipping costs and market stability. The post Iran plans fees for ships in Strait of Hormuz amid US tensions appeared first on Crypto Briefing.

The IRGC's actions heighten regional instability, potentially prompting U.S. military escalation and impacting global security dynamics. The post Iran’s Revolutionary Guards claim attack on 85 US military sites appeared first on Crypto Briefing.