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Oil Prices Break Above $90, Fed Rate Hike Odds Surge: How Will Escalation in the Iran-Iraq Conflict Impact the Crypto Market?

On July 20, international energy markets saw a landmark moment. Brent crude futures surged through the $90-per-barrel mark in one move, topping out at $91.42 during the day; WTI crude futures also climbed into the $84 range. This breakout level is not coincidental—over the past week, Brent crude has risen 15.9% in total, posting the largest single-week gain since April; from the early-July low near $71, the rebound is already close to 30%. {currencycard:tradfi}(XTIUS
XBRUSD2.45%
XTIUSD2.29%
GateInstantTrends·07-20 07:00
Oil Prices Break Above $90, Fed Rate Hike Odds Surge: How Will Escalation in the Iran-Iraq Conflict Impact the Crypto Market?

BTC drops sharply by 0.47% in 15 minutes: The U.S.-Iran conflict escalates alongside rate-hike expectations, weighing on the market

July 20, 2026, 06:30–06:45 (UTC): Within 15 minutes, BTC fell 0.47%, with the price dropping into the 63,770.5–64,148.7 USDT range. Ampl was 0.59%, and risk-avoidance sentiment noticeably intensified. The main drivers behind this move are the continued escalation of the military conflict between the US and Iran. The US carried out its ninth consecutive overnight military strike against Iran, with targets expanding to infrastructure such as highways, tunnels, railways, and ports. The conflict has
BTC-0.02%
BZ-6.36%
GateNews·07-20 06:58
BTC drops sharply by 0.47% in 15 minutes: The U.S.-Iran conflict escalates alongside rate-hike expectations, weighing on the market