🇺🇸 Breaking News: President Trump is reportedly considering taking control of the Strait of Hormuz to ensure oil shipping routes stay open amid the ongoing tensions.
Market Impact ⚠️
This development looks bearish for markets in the short term. The Strait of Hormuz is a critical global oil checkpoint. Any escalation or disruption here could send oil prices surging.
Higher oil = renewed inflation concerns added downward pressure on stocks and crypto.
BTC
70,657.47
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ETH
2,069.7
-2.58%