Brent oil jumped above $93 amid the escalation of conflict between the United States and Iran: strikes have been ongoing for the eleventh day already, attacks on vessels in the Strait of Hormuz area are heightening fears for oil supply, and talk of possible strikes on Iranian nuclear facilities is further stoking the market
This is a real macro catalyst—further increases in oil prices could amplify inflation risks and pressure the stock market, while for BTC the impact is unclear: in the short term geopolitics may raise volatility, but if an energy crisis drags on, investors may once again look for alternative defensive assets
#Oil #Iran #USA #Macro #Markets
This is a real macro catalyst—further increases in oil prices could amplify inflation risks and pressure the stock market, while for BTC the impact is unclear: in the short term geopolitics may raise volatility, but if an energy crisis drags on, investors may once again look for alternative defensive assets
#Oil #Iran #USA #Macro #Markets