New US Sanctions on Cryptocurrency Linked to Iran and the Middle East
On Friday, the US government issued new sanctions targeting entities, vessels and individuals accused of transporting military equipment to Iran.
The announcement from the US Treasury Department highlighted the targeting of sensitive transfers of equipment for Iran’s missile, drone and asymmetric weapons programs. Hong Kong companies Unico Shipping Co Ltd and Athena Shipping Co Ltd were included in the sanctions list.
The move is aimed at restricting Iran’s access to dual-use technology, which can be used for both civilian and military purposes. Experts warn that the measures will disrupt Tehran’s supply chain for strategic equipment.
Regarding economic warfare and the campaign to control the cryptocurrency supply chain
The sanctions also extend to Iran’s support networks for the Houthi rebels in Yemen, aiming to cut off the financial flow that feeds the rebels by controlling illicit oil shipments and supplies, putting pressure on Tehran’s defenses.
Amid the rising tensions, the crude oil market immediately reacted. Brent fell $1.84 to $77.01 a barrel, while WTI fell $0.21 to $74.93 a barrel. Despite the short-term decline, August futures contracts maintained positive gains, reflecting the uncertain market sentiment.
Analyst warns of strategy to control energy and cryptocurrency battlefield
Oil prices are being threatened by tensions in the Strait of Hormuz, where Iran has vowed to block the strategic waterway if tensions escalate. Analysts’ warnings of a potential $100-a-barrel price surge have roiled global markets.
Meanwhile, oil and gas drilling activity in the United States has also fallen sharply. A Baker Hughes report showed that the number of oil rigs has dropped to its lowest level since November 2021, reflecting the possibility of future reductions in gas and oil supplies.
The European Union has also taken a step back in its policy of cutting the ceiling price of Russian oil to $45/barrel, demonstrating the difference in the global energy control strategy of its European partners with that of the United States, under the Trump administration.
Source: https://tintucbitcoin.com/trump-implementation-of-iran-nuclear-order-causes-electronic-investment-price-changes/
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