#USLaunchesNewStrikesAgainstIran
On July 8, the US struck over 80 targets in Iran after Iran attacked three commercial ships in the Strait of Hormuz (a vital route for 20% of global oil). This happened right after the US canceled Iran's oil sales waiver.
Market & Economic Impact:
Oil Spiked: WTI Crude jumped 2.8% to $72.39 due to supply fears.
Crypto & Stocks Fell: Bitcoin dropped from $64.4K to $63.3K as investors panicked. The US Dollar rose as a safe haven.
The Dilemma: High oil prices trigger inflation, meaning the Federal Reserve can't easily cut interest rates to help the slowing job market (+57K jobs).
$SPCXB
$VELVET
$DYDX
On July 8, the US struck over 80 targets in Iran after Iran attacked three commercial ships in the Strait of Hormuz (a vital route for 20% of global oil). This happened right after the US canceled Iran's oil sales waiver.
Market & Economic Impact:
Oil Spiked: WTI Crude jumped 2.8% to $72.39 due to supply fears.
Crypto & Stocks Fell: Bitcoin dropped from $64.4K to $63.3K as investors panicked. The US Dollar rose as a safe haven.
The Dilemma: High oil prices trigger inflation, meaning the Federal Reserve can't easily cut interest rates to help the slowing job market (+57K jobs).
$SPCXB
$VELVET
$DYDX