British military reports strikes on three tankers in Strait of Hormuz

The post WTI climbs over 2% as Strait of Hormuz attacks revive supply concerns appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) crude Oil edges higher on Tuesday as fresh attacks near the Strait of Hormuz threaten the recovery in shipping seen in recent weeks following the interim US-Iran peace deal. At the time of writing, WTI is trading around $70.44, up about 2.65% on the day. Iran has repeatedly stated that only vessels using its approved route through the Strait of Hormuz are considered safe and must coordinate with the Islamic Revolutionary Guard Corps (IRGC). Three tankers were hit in the Strait of Hormuz over the past 24 hours, according to the United Kingdom Maritime Trade Operations (UKMTO). The incidents have revived some of the geopolitical risk premium in the Oil market. Traders now turn their attention to Wednesday’s US Energy Information Administration (EIA) weekly inventory report. US crude inventories have fallen for ten straight weeks, pointing to a

The post British Pound slips as Hormuz attacks revive USD demand appeared on BitcoinEthereumNews.com. The Pound Sterling (GBP) retreats against the US Dollar (USD) on Tuesday as tensions in the Middle East rise, following reports of attacks on two ships in the Strait of Hormuz. The GBP/USD pair trades at 1.3373, down 0.11%. GBP/USD falls as Oil spike lifts Fed hike worries The Greenback remains steady after the Islamic Revolutionary Guard Corps (IRGC) attacked ships that attempted to pass through the Omani route, ignoring the IRGC’s repeated warnings. These developments underpinned Oil prices and consequently the US Dollar, as high energy prices could force the US Federal Reserve (Fed) to raise interest rates. The US Dollar Index (DXY), which measures the buck’s performance against six currencies, is up 0.05% at 100.93. Data from the US showed that the trade deficit widened in May, driven by a jump in imports and a decline in exports. The Goods and Services Trade Balance deficit came a

Iran's control over the Strait of Hormuz and crypto tolls could reshape global maritime norms and intensify regulatory scrutiny on digital assets. The post Iran asserts authority over parts of Strait of Hormuz, raising crypto sanctions questions appeared first on Crypto Briefing.

Iran's control over the Strait of Hormuz could destabilize oil markets, affecting global supply chains and influencing geopolitical dynamics. The post Iran asserts control over parts of Strait of Hormuz amid US talks appeared first on Crypto Briefing.

The post Alphractal CEO Warns: Crypto Market Faces Liquidation Risk as Excess Long Positions Raise Correction Fears appeared on BitcoinEthereumNews.com. The post Alphractal CEO Warns: Crypto Market Faces Liquidation Risk as Excess Long Positions Raise Correction Fears appeared first on Coinpedia Fintech News The crypto market may be sitting on a fragile foundation. According to a recent market health assessment from the CEO of Alphractal, unliquidated long positions have piled up across Bitcoin, Ethereum, XRP, and Solana, creating conditions where even a modest pullback could trigger a broader wave of selling. The concern isn’t that prices have already … Source: https://coinpedia.org/news/alphractal-ceo-warns-crypto-market-faces-liquidation-risk-as-excess-long-positions-raise-correction-fears/

Iran's actions highlight geopolitical instability, impacting global energy security and potentially reshaping maritime trade with crypto payments. The post Iran’s tanker attacks near Strait of Hormuz expose leadership dilemma and rattle energy markets appeared first on Crypto Briefing.

The post Vanguard U-turns, now seeks a Head of Digital Assets appeared on BitcoinEthereumNews.com. Vanguard is now hiring for a Head of Digital Assets, signaling yet another shot at the crypto market by the asset manager, which once denied clients access to crypto. According to a job posting Monday, the $12 trillion asset manager is seeking a Head of Digital Assets in the United States to lead “digital assets strategy, roadmap, and enterprise execution,” across Vanguard Personal Wealth. The successful candidate is expected to serve as “Vanguard’s senior subject matter expert for digital assets across Personal Wealth,” reads the job description. The responsibilities include developing a “multi-year digital assets roadmap” and defining how Vanguard can implement “digital asset capabilities, products, and operating models.” 🚨Vanguard (AUM= $10+ Trillion) is looking for a head of digital assets for first time. Successful candidate will “develop the multi-year digital assets roadmap” for t

The post Bitcoin Retraces As Oil Tanker Attacks in Strait of Hormuz Escalate U.S.-Iran Tensions appeared on BitcoinEthereumNews.com. Bitcoin is down today, falling below the psychological $63,000 level after a rally above $64,000 yesterday. The drop below $63,000 today follows attacks on oil tankers in the Strait of Hormuz, a development that further escalates tensions between the U.S. and Iran. Bitcoin Falls Amid Attack On Oil Tankers In Strait of Hormuz In an X post, the UK Military Center revealed an attack on an oil tanker in the Strait of Hormuz, with the tanker sustaining minor structural damage. This marked the second attack on an oil tanker in the Hormuz Strait today. The UK Military earlier reported about an oil tanker that also suffered structural damage. Meanwhile, there have now been attacks on vessels in the Strait in the last 24 hours. Bitcoin has retraced amid this development that again escalates tensions between the U.S. and Iran, with Qatar accusing Iran of being resp