Bitunix Analyst: Middle East Shipping Control and the Currency Defense Battle Escalate in Tandem

Mars Finance News, June 2 — What started out as developments in the U.S.-Iran negotiations has shifted toward a deeper contest for strategic control. The U.S. is reportedly demanding that Oman, which has maintained neutrality for a long time, clearly state its position between the U.S. and Iran, and it has even requested cutting diplomatic ties with Iran. Meanwhile, Iran has again issued a firm signal threatening to block the Strait of Hormuz and the Strait of Mand. Although Trump said a deal could be reached within a week, there are still clear differences between the U.S. and Iran in how they describe the agreement’s contents, showing that regional risks have not yet been resolved.

Another main thread worth watching comes from Japan. Although the Japanese government used 11.73 trillion yen in a single month to intervene in the foreign exchange market—on a record scale—the yen has once again moved close to the 160 level, and the finance minister reiterated that it may step in again at any time. This indicates that major global economies are facing dual pressures from capital flows and exchange-rate stability, and it also reflects that demand for U.S. dollar assets remains strong.

At the same time, news that OPEC+ may increase production by 188,000 barrels per day, Alphabet plans to raise $80 billion in financing, and NVIDIA plans to launch new AI chips before the end of the year shows that energy supply, the capital markets, and AI investment cycles are still advancing in sync. The current market has entered a phase where the three main themes—geopolitics, energy supply, and technology capital expenditure—are interwoven.

In the crypto market, investors are focused on changes in global funding costs and risk appetite. If risks around the Strait of Hormuz continue to heat up, it could further affect energy prices and inflation expectations; conversely, if the U.S.-Iran negotiations achieve a breakthrough, market risk appetite could improve. In the short term, the crypto market will continue to reprice in line with changes in global liquidity and geopolitical risk.