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Trump Threat to Bomb Iran Could Keep Bitcoin and Oil in Flux

2026-06-19 07:10:08

Abstract generation in progress

Trump said the US would bomb Iran if Iran violated the US-Iran peace deal, while Bitcoin rallied 3% on the deal. The Strait of Hormuz reopening removed the supply shock that had sent oil above $100 a barrel earlier this year. Brent crude sits close to $75 today, June 18, after peaking at $126 during the conflict. The IEA expects global oil supply to rise from 102.4 to 110.3 million barrels per day in 2027 if the deal holds.

BTC-2.47%

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