Markets plunged after the US military attacked an Iranian oil tanker in the Strait of Hormuz


Oil prices fell sharply on Thursday after reports that forces had fired on an Iranian oil tanker near the Strait of Hormuz, raising fears in the Middle East and leading to sharp fluctuations in digital currency markets.

The official Iranian media reported that the American army attacked the Ulan tanker. The official Iranian forces responded by firing missiles at American naval units. American officials have confirmed that the confrontation with the Iranian tanker did not expose the American ship to any strikes.

Escalation between America and Iran shakes global markets

According to Iranian media such as IRIB and Fars news agency, Iran launched missiles at American ships after the tanker accident. Tehran described the move as a response to what it described as American aggression in regional waters.

The American Central Command confirmed that The American forces fired warning shots and then disabled the carrier after ignoring the warning.

يظل مديق حرمز واحداً من the most important vital energy sources in the worldwhere about 20% of the world’s oil shipments and liquefied natural gas flows pass through it. Any disturbances directly affect energy prices and inflation expectations and sentiment.

Bitcoin volatility rises with oil volatility

Digital assets experienced geopolitical shock quickly reflected. سجلت bitcoin and the main digital currencies An initial decrease with the reduction of trading exposure للاسول زائت رقائب بفعل مخاوف من تصديل اسكريل اشمل.

But digital currency markets have stabilized after a sharp drop in oil prices, but the downside is that the decline represents a temporary situation and not a long-term demand shock.

spot crude oil price performance
spot crude oil price performance. source: TradingView

Oil traders have also begun to reassess whether the latest confrontation will lead to a major disruption in cargo flows or will remain a limited military confrontation.

The rapid drop in oil prices caused some analysts who expected it to lead immediately to a new wave of high energy prices.

Traders are now closely monitoring statements coming from Tehran and Washington and the leadership. Statements coming from Tehran and Washington and the leadership.

Any confirmation of the disruption of traffic in the Strait of Hormuz may trigger the fluctuations of Hormuz, stocks and digital currencies.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *