US conducts additional military strikes in Iran, targeting Strait of Hormuz

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The post Euro steadies as Middle East strikes offsets Fed repricing appeared on BitcoinEthereumNews.com. The Euro holds firm against the US Dollar on Wednesday as hostilities in the Middle East continued, with the US attacking Iran for the second straight day at around the Strait of Hormuz. At the time of writing, the EUR/USD trades at 1.1420, after bouncing off daily lows of 1.1391. EUR/USD holds firm as Fed minutes, Hormuz strikes lift USD The US Central Command revealed in a post that “At the direction of the Commander in Chief, US Central Command forces have started conducting additional strikes against Iran to further degrade their ability to threaten freedom of navigation in the Strait of Hormuz.” The markets reacted immediately to the headline, as risk appetite soured, as depicted by US equity markets finishing Wednesday’s session with losses. Crude prices are registering a leg up, with Western Texas Intermediate (WTI), the US Oil benchmark, up 3.57% at $74.77. Earlier, the Fede

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The post Crude Oil rediscovers its war premium as the Versailles patch peels off appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) Crude Oil trades near $74.50 on Wednesday, up more than 3.5% and extending a rebound that began at the $68.00 floor in early July. The catalyst is depressingly familiar: The US has begun another series of strikes on Iranian military targets in and around the Strait of Hormuz, and President Trump now describes the Versailles agreement as over while allowing talks to limp on. Energy traders spent three weeks selling the peace; they are spending Wednesday buying the war back. The recursion trade returns Tehran hit three tankers transiting the strait between Monday and Tuesday; Washington revoked the sanctions waiver behind legal Iranian Oil exports and answered through US Central Command (CENTCOM) with strikes on more than 80 targets, from air defences and coastal radar to anti-ship missile batteries and over 60 Revolutionary Guard small boats

The post US launches fresh strikes on Iran appeared on BitcoinEthereumNews.com. The US has begun a fresh series of strikes on Iran, hitting more than 80 targets in and around the Strait of Hormuz only days after the latest patch on the Versailles accord. President Trump now calls the agreement over, even while leaving the door open to talks. Brent trades 6.3% higher and WTI 6.4% higher in response, and the story is no longer any single strike; it is the recursion, a strike-retaliate-re-sign loop that now resets in days rather than months. The loop runs faster each round Tehran hit three tankers transiting the strait between Monday and Tuesday; Washington answered by revoking the waiver behind Iranian Oil sales, then followed with a US Central Command (CENTCOM) package officials describe as four to five times larger than the round ten days ago: Air defences, coastal radar, anti-ship missile sites and more than 60 Revolutionary Guard small boats. Israel’s Kan reports Washington notified