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West Texas Intermediate (WTI) Crude Oil trades near $74.50 on Wednesday, up more than 3.5% and extending a rebound that began at the $68.00 floor in early July. The catalyst is depressingly familiar: The US has begun another series of strikes on Iranian military targets in and around the Strait of Hormuz, and President Trump now describes the Versailles agreement as over while allowing talks to limp on. Energy traders spent three weeks selling the peace; they are spending Wednesday buying the war back. The recursion trade returns Tehran hit three tankers transiting the strait between Monday and Tuesday; Washington revoked the sanctions waiver behind legal Iranian Oil exports and answered through US Central Command (CENTCOM) with strikes on more than 80 targets, from air defences and coastal radar to anti-ship missile batteries and over 60 Revolutionary Guard small boats
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Rongchai Wang
Jul 08, 2026 10:28
Early Wednesday, the U.S. launched dozens of strikes on Iran after attacks on commercial ships in the Strait of Hormuz, rattling markets and raising escalation fears.
US strikes Iran, Polymarket invasion odds rise to 14.5% U.S. Strikes on Iran Lift Polymarket “Invade Iran Before 2027” Odds to 14.5% The United States launched dozens of strikes on Iran early Wednesday in what it described as retaliation for Tehran’s attacks on commercial shipping in the Strait of Hormuz, deepening fears of a wider Middle East war. On Polymarket, the contract “Will the U.S. invade Iran before 2027?” moved up to 14.5% from 11.5%. Key Takeaways Polymarket prices a 14.5% chance of a U.S. invasion of Iran before 2027, with “No” leading at 85.5%. Odds rose 3.0 percentage points after reports of fresh U.S. strikes on Iran tied to attacks on tankers in the Strai
The post Euro steadies as Middle East strikes offsets Fed repricing appeared on BitcoinEthereumNews.com.
The Euro holds firm against the US Dollar on Wednesday as hostilities in the Middle East continued, with the US attacking Iran for the second straight day at around the Strait of Hormuz. At the time of writing, the EUR/USD trades at 1.1420, after bouncing off daily lows of 1.1391. EUR/USD holds firm as Fed minutes, Hormuz strikes lift USD The US Central Command revealed in a post that “At the direction of the Commander in Chief, US Central Command forces have started conducting additional strikes against Iran to further degrade their ability to threaten freedom of navigation in the Strait of Hormuz.” The markets reacted immediately to the headline, as risk appetite soured, as depicted by US equity markets finishing Wednesday’s session with losses. Crude prices are registering a leg up, with Western Texas Intermediate (WTI), the US Oil benchmark, up 3.57% at $74.77. Earlier, the Fede
The post US launches fresh strikes on Iran appeared on BitcoinEthereumNews.com.
The US has begun a fresh series of strikes on Iran, hitting more than 80 targets in and around the Strait of Hormuz only days after the latest patch on the Versailles accord. President Trump now calls the agreement over, even while leaving the door open to talks. Brent trades 6.3% higher and WTI 6.4% higher in response, and the story is no longer any single strike; it is the recursion, a strike-retaliate-re-sign loop that now resets in days rather than months. The loop runs faster each round Tehran hit three tankers transiting the strait between Monday and Tuesday; Washington answered by revoking the waiver behind Iranian Oil sales, then followed with a US Central Command (CENTCOM) package officials describe as four to five times larger than the round ten days ago: Air defences, coastal radar, anti-ship missile sites and more than 60 Revolutionary Guard small boats. Israel’s Kan reports Washington notified
The post Trump Says Iran Ceasefire Is Over—Does That Mean A ‘Return To All-Out’ War? Expert Weighs In appeared on BitcoinEthereumNews.com.
President Donald Trump announced at the NATO summit Wednesday that the ceasefire with Iran is over. This came one day after Central Command announced that the U.S. struck over 80 Iranian targets in retaliation for attacks on commercial ships in the Strait of Hormuz. Dr. Rosemary Kelanic, the director of the Middle East Program at Defense Priorities, joins “Forbes Newsroom” to discuss. Watch the full interview above. Source: https://www.forbes.com/sites/forbestv/2026/07/08/trump-says-iran-ceasefire-is-over–does-that-mean-a-return-to-all-out-war-expert-weighs-in/
Iran's internal debate on Strait of Hormuz control could escalate regional tensions, impacting global energy markets and military dynamics.
The post Iran debates control over Strait of Hormuz amid regional tensions appeared first on Crypto Briefing.
Escalating U.S.-Iran tensions in the Strait of Hormuz could destabilize global energy markets and increase the likelihood of broader conflict.
The post US military strikes after Iran attacks ships in Strait of Hormuz appeared first on Crypto Briefing.
Escalating U.S.-Iran tensions could destabilize global oil markets and heighten geopolitical risks, impacting international trade and security.
The post US conducts additional military strikes in Iran, targeting Strait of Hormuz appeared first on Crypto Briefing.
Geopolitical tensions may disrupt global oil supply and airspace, impacting energy markets and increasing market volatility.
The post NASDAQ gains 66 points amid US-Iran tensions over Strait of Hormuz appeared first on Crypto Briefing.
