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Wow, crude oil is starting to firm up again
The Strait of Hormuz remains closed, and tensions continue to escalate
On April 19, the Strait of Hormuz saw its first-ever passage with zero oil tankers, and the situation suddenly became tense
After talks in Islamabad, Iran rejected the U.S.’s second round of negotiations. The U.S. military seized an Iranian cargo ship, and Trump also said that if no agreement is signed, Iran’s infrastructure will be destroyed
As geopolitical tensions continue to escalate, market risk-aversion sentiment has surged, and Bitcoin promptly fell below $75k
Investors have shifted to defensive positioning; everyone is watching Wednesday’s ceasefire deadline, worried that further deterioration will trigger even greater volatility
$BTC