For a long time, the cryptocurrency market has been moving based on global events rather than developments that concern the sector. Tariffs occupied the agenda last year. This year, tariffs, delays in interest rate cuts and tensions with Iran are keeping the markets busy. The claim that was on the agenda at the time the article was being prepared shows that Iran is willing to continue the war, at least in the medium term. That’s why BTC fell below 70 thousand dollars again.
Strait of Hormuz
20 percent of the world’s oil passes through here, and the price jumping to 120 dollars this week reveals the seriousness of the situation. Although oil fell to 90 dollars due to the measures taken, ongoing studies and the possibility of reconciliation, Iran’s To the Bull of Hormuz The news that he started laying mines came to the fore. This development indicates that the war may not end in the short term and that the possibility of tankers using the strait has decreased despite the escort of US ships.
Prepared on the subject US intelligence report According to the report, based on people familiar with it, Iran has started laying mines in the Strait of Hormuz, which hosts the passage of 20% of the global oil supply. Several dozen mays have been reported to have been laid in recent days.
Alright USA How can these mines be laid when he says that he destroyed the Iranian navy with his statements this week? Sources confirm that Iran still has small boats and mine-laying ships. Hundreds of mines can be laid per day with these boats. This step, which will mean the virtual closure of the strait, will cause oil supply to be reduced for months. Iran’s confirmation of this development may push BTC lower, while its rejection will push the risk markets up as it will be another development that will feed peace hopes.
Trump shared the following post while the article was being prepared;
“If Iran has planted mines in the Strait of Hormuz and we have no reports about it, we want them to be removed IMMEDIATELY! If the mines have been planted for any reason and they are not removed immediately, the military consequences for Iran will be at a level never seen before. On the other hand, if they remove the mines that may have been planted, it will be a giant step in the right direction! President DONALD J. TRUMP” – TruthSocial
Meanwhile, Trump implies that there is no such intelligence report. BTC so it has recovered somewhat.
