🛢️ Oil Prices Spike Amid US-Iran Tensions
Brent crude has rallied above $71 a barrel following renewed threats of military action between the US and Iran (source). Fears of disruptions in the Strait of Hormuz—a vital passage for 20% of the world's oil—have injected a significant risk premium into energy markets. This geopolitical turbulence is creating waves across all asset classes, including crypto.
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