The US market has turned green again, oil prices have dropped below $100, while BTC has returned above $72K and gold is stable, although tensions have clearly escalated with the US blockade order in the Strait. Why?
Looking back a few days ago, the biggest concern was that if negotiations failed, the US could launch a large-scale attack on Iran's energy and civilian infrastructure. Many believe that this would be a point of no return and lead to a prolonged war.
But right now, even though the negotiations have failed, the response is a blockade of the Strait to ramp up pressure and force Iran back to the negotiating table. The blockade does put pressure on global oil flows, but it also cuts about 2 million barrels of daily exports from Iran.
In short, the market is still betting on the likelihood of an early peace deal.@Binance Vietnam $XAU #BinaceAiPro
