Escalating tension
Trump threatens to destroy Iran's power plants unless the Strait of Hormuz is reopened within 48 hours, while Iran warns it will completely close and carry out retaliatory attacks on infrastructure in the Persian Gulf.
Impact on the market
Global stocks plummet, with the S&P 500 down 1.5% for the fourth consecutive week, oil prices surge to nearly 110 USD, and the cryptocurrency market weakens as BTC falls below 68,000 USD amid rising risk aversion.
Economic consequences
The U.S. Secretary of the Treasury defends this action, arguing that '50 days of inflation in exchange for 50 years of peace,' while 20% of global oil and gas transportation remains disrupted.
BTC
67,395.81
+1.15%
PAXG
4,525.29
+0.64%
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