The post Silver Price Forecast: XAG remains bearish as ‘evening star’ forms appeared on BitcoinEthereumNews.com.
Silver (XAG/USD) price tumbles nearly 3% on Tuesday as market mood turns dismal due to heightened tensions in the Middle East, following Iranian attacks on two vessels in the Strait of Hormuz. At the time of writing, XAG/USD trades at $60.26, after peaking at around $62.16. XAG/USD Price Forecast: Technical outlook Silver remains downward-biased as long as it fails to clear a downward resistance trendline in the $64.00-$65.00 range, which could open the door to further upside. Nevertheless, bulls are not out of the woods, as another key resistance level remains to be cleared, with the $70.00 psychological level up next, ahead of the crucial 200-day Simple Moving Average (SMA) at $70.13. If these key levels are broken, Silver could rally towards the 50- and 100-day SMAs, each at $70.79 and at $74.64. On the flip side, it’s worth noting that an ‘evening star’ formed, which op
US strikes heighten geopolitical tensions, potentially impacting global oil supply, inflation, and financial markets, necessitating diplomatic resolutions.
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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 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
Netanyahu's concerns highlight potential shifts in Middle East power dynamics, affecting regional stability and Israel's military strategy.
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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
Exxon's profit surge amid geopolitical tensions highlights the vulnerability of global oil markets to conflict-driven supply disruptions.
The post Exxon profit surges $4B amid Middle East conflict-driven oil rally appeared first on Crypto Briefing.