CoinWorld News: A strategist at ING Bank in the Netherlands said in a report that the market remains optimistic about the eventual end of the Middle East war, but the risk of renewed escalation still exists. They noted that the market often focuses more on positive developments in the Middle East situation, but they still see the risk of the situation escalating again—especially after the United States recently rejected Iran’s proposal. The strategist said that even if the U.S. and Iran ultimately reach an agreement and the Strait of Hormuz is fully reopened, market conditions and supply cannot return to normal immediately.

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