Iran asserts permanent control over Strait of Hormuz, impacting maritime traffic

In crypto news today (June 1), the market has started the new month in a precarious position, with Bitcoin dropping -1.4% overnight, losing key support at $73,000, and currently trading around $72,700. However, ETH USD, in typical fashion, has performed worse, down -2.5% in the past 24 hours and trading for $1,975 after losing key.. The post Crypto News Today (June 1): BTC Crashes Below $73K as the US Bombs Iran, Sparking Panic appeared first on 99Bitcoins.

The post Oil: Hormuz disruption keeps market strained – Societe Generale appeared on BitcoinEthereumNews.com. Societe Generale’s Michael Haigh and Jeremy Sellem argue that the proposed U.S–Iran ceasefire framework would only gradually restore flows through the Strait of Hormuz, keeping Oil markets tight. They see physical supply normalization pushed into late 2026, with end-user relief in Asia delayed to late October and prices staying above $200/bbl, while backwardation persists through 2027. Tight summer balances and delayed Hormuz normalization “If the 60-day MoU runs its course and the mines are then cleared within 30 days, meaningful flow through the Strait could resume, at best, by late August 2026, but end-user markets, especially in Asia, would only see relief by late October at best, leaving the market tight through peak summer and keeping prices elevated (>$200/bbl) with inventory rebuilding pushed into late 2027. Crude backwardation will be strong and persist through 2027.”

The post Silver Price Forecast: XAG/USD rises to near $75.70 on US-Iran deal hopes appeared on BitcoinEthereumNews.com. Silver price (XAG/USD) is up 0.5% to near $75.75 during the European trading session on Monday. The white metal trades higher amid hopes that the United States (US) and Iran will reach a permanent peace deal soon. In the late Asian trade, US President Donald Trump said through a post on Truth Social that Iran wants a deal badly, while warning that the option of military action remains on the table. Over the weekend, US President Trump said in an interview with Fox Business that the terms of the deal with Iran have been revised, adding that destroying Tehran’s nuclear dust and the reopening of the Strait of Hormuz remain key demands. Meanwhile, the oil price has rebounded, following the exchange of attacks between Israel and Lebanon. The Silver and oil prices have carried a negative relationship since the onset of the war, as elevated energy prices have prompted inflat

US military actions may undermine peace efforts, increasing regional instability and reducing chances for diplomatic resolutions in the Middle East. The post US military strikes in Iran, Lebanon amid ongoing peace negotiations appeared first on Crypto Briefing.

The post NZD/USD Price Forecast: Kiwi corrects lower and tests support at 0.5965 appeared on BitcoinEthereumNews.com. The New Zealand Dollar (NZD) holds marginal losses against the US Dollar (USD) on Monday, retreating to session lows of 0.5965 from highs a few pips below 0.6000. Manufacturing data from China has been supportive, although the skirmishes between the US and Iran are feeding a certain degree of cautiousness at the week’s opening. The US military reported a new wave of airstrikes on Iran’s military sites, and Tehran said that they targeted a US base that was used to launch attacks on the country. US President Donald Trump keeps pondering whether to sign a ceasefire extension or not, and meanwhile, the Strait of Hormuz remains closed, keeping Oil near $100 and straining New Zealand’s Oil-importing economy. Technical Analysis: On a bearish correction, amid a broader bullish trend NZD/USD trades at 0.5971, with price action suggesting that the pair might be on the fourth wave

The post Hormuz traffic nears normal by mid-June, markets show No bias appeared on BitcoinEthereumNews.com. realtime news May 31, 2026 18:03 On a note from mid-June, more ships slip through the Strait of Hormuz as tensions ease and navigation costs show signs of stabilization. Hormuz traffic nears normal by mid-June, markets show No bias Developments The Strait of Hormuz traffic began to normalize as merchant vessels resumed routes, with recent reporting indicating more ships traversing the waterway. Traders on Polymarket have started pricing around the question of whether traffic will return to normal by mid-June, tying the contract to a clear near-term event window. Damn the torpedoes — More ships are quietly slipping through the Strait of Hormuz as helicopters scare off Iran’s fast-attack boats, according to ongoing coverage of maritime traffic and regional tensions. Reports describe a gradual uptick in vessel movements after a period of disruption, with U.S. and a

The post US President Donald Trump says Iran really wants to make a deal appeared on BitcoinEthereumNews.com. US President Donald Trump said that Iran really wants to make a deal, and it will be a good one for the United States (US) and those that are with us. His comments came after US Central Command (Centcom) stated that it struck targets in Iran over the weekend. “Iran really wants to make a deal, and it will be a good one for the U.S.A. and those that are with us. But don’t the Dumocrats, and various seemingly unpatriotic Republicans, understand that it is MUCH tougher for me to properly do my job and negotiate, when political hacks keep negatively “chirping,” at levels never seen before, over and over again, that I should move faster, or move slower, or go to war, or not go to war, or whatever. Just sit back and relax, it will all work out well in the end – It always does! President DJT,” said Trump on Truth Social. Market reaction  At the time of writing, the West Texas Intermed