Exxon profit surges $4B amid Middle East conflict-driven oil rally

The post WTI rises as supply disruption fears return to Oil markets appeared on BitcoinEthereumNews.com. West Texas Intermediate (WTI) trims part of its earlier gains on Wednesday but remains supported as supply risks resurface amid escalating tensions in the Middle East. At the time of writing, WTI trades around $73.60, up 2.20% on the day after climbing to an intraday high of $75.73, its highest level in two weeks. Shipping through the Strait of Hormuz had been gradually normalizing after last month’s interim peace agreement between the United States and Iran. However, the latest flare-up has reversed that optimism, bringing the geopolitical risk premium back into Oil markets. Iran’s Press TV, citing an informed source, reported that Tehran would close the Strait of Hormuz in the event of any fresh attacks. The warning followed renewed fighting between the United States and Iran overnight after the Islamic Revolutionary Guard Corps (IRGC) attacked commercial vessels transiting the st

Neutrality rules in sports highlight geopolitical tensions, potentially limiting top referees' opportunities and affecting tournament fairness. The post Michael Oliver could miss World Cup final due to conflict rules appeared first on Crypto Briefing.

The post U.S. Market Expected To Lead Multibillion Dollar Investments In LNG appeared on BitcoinEthereumNews.com. Golden Pass LNG storage tanks and cargo transfer arms at Port Arthur, Texas, U.S. (Photo: Marie D. De Jesus) Houston Chronicle via Getty Imag The war in the Middle East may have clouded the near-term outlook for the global liquified natural gas market, but few can call into question the demand trajectory of LNG driven by the power sector. An anticipated increase in global energy demand from artificial intelligence and hyperscale data centers, that simply cannot be serviced by renewable energy alone, augurs well not just for the LNG trade but for all advocates of the natural gas market. That’s particularly significant for one producer and exporter at the heart of it all – the United States. It is world’s most prolific builder of data centers and accounts for the largest number of hyperscale data centers worldwide. California’s Silicon Valley and Ashburn, Virginia are major h

The post Crypto Bulls Lose $310M as Bitcoin Falls to $61,481 on Middle East Escalation appeared on BitcoinEthereumNews.com. Key Takeaways On Wednesday, escalating Middle East tensions halted bitcoin’s July rally, dropping its price 3.5%. The volatility wiped out $40 billion in bitcoin market cap and triggered $372 million in total crypto liquidations. If the Trump administration maintains oil sanctions, high crude prices may push the Fed to hike rates. Geopolitical Tensions Halt Bitcoin Uptrend Bitcoin’s July uptrend came to a screeching halt Wednesday, tumbling below $62,000 as escalating Middle East tensions sparked fears that the shaky U.S.-Iran ceasefire had unraveled. Market data shows bitcoin nosedived from a daily peak of just over $64,100 to a low of $61,481 by 11:15 a.m.—a swift 3.5% drop in 24 hours. The sudden reversal erased an impressive week of incremental gains that had pushed the top cryptocurrency up nearly 10% since the start of the month. The cryptocurrency market wa

The end of the ceasefire heightens geopolitical tensions, impacting global markets by increasing oil prices and destabilizing crypto assets. The post Trump declares Iran ceasefire ‘over’ as crypto markets slide and oil surges appeared first on Crypto Briefing.

Rising oil and gas prices highlight ongoing inflationary pressures, challenging optimistic economic narratives and impacting consumer costs. The post Oil prices rise, gas hits 4-year high despite Trump’s inflation claims appeared first on Crypto Briefing.

Escalating tensions at the Strait of Hormuz could lead to sustained high oil prices, impacting global economies and energy markets significantly. The post Oil surges as Strait of Hormuz faces full conflict conditions appeared first on Crypto Briefing.

The post Bitcoin Battles Downside as Iran Ceasefire Failure Sends Oil Past $75 appeared on BitcoinEthereumNews.com. Bitcoin (BTC) stayed below $62,000 after Wednesday’s Wall Street open as US president Donald Trump closing a key world oil route. Key points: Bitcoin drops to $61,500 as Trump says that the ceasefire with Iran is “over.” Both sides reportedly threaten to close the Strait of Hormuz, sending oil prices soaring. Bitcoin traders anticipate new lows, but analysis sees Trump sweetening the mood later. Bitcoin gives back gains as Trump says Iran ceasefire “over” Data from TradingView showed daily BTC price downside circling 2.5% as markets reacted to the collapse of the US-Iran ceasefire. BTC/USD one-hour chart. Source: Cointelegraph/TradingView “To me, I think it’s over,” Trump said about the ceasefire during a press conference at the NATO summit in Ankara, Turkey. Additional reports claimed that both the US and Iran were considering reimposing a blockade of the Strait of Hormu