Iran Set To Deploy Mines, Oil Hits Highs — What It Means For Bitcoin
A White House official's false social media post about a safe oil tanker passage briefly lowered oil prices, but they surged back after US intelligence reported signs of Iran moving to mine the Strait of Hormuz—a critical chokepoint for global oil supply. Brent crude jumped above $90 after falling to $82. President Trump warned Iran of an unprecedented military response if mines are not removed. The geopolitical turmoil spilled into crypto, causing Bitcoin to drop below $70,000. It was trading around $69,200 at the time of reporting, well below its March high.
bitcoinist03/12 06:02
