Crypto news flash from CoinJie.com: Oil prices rose nearly 10% after Iran announced a full blockade. WTI crude oil rose $6.87 to $78.27, a 9.6% increase. Analysts say the U.S. will ensure oil flows through escort fleets while charging a 20% toll. The market has expressed doubts about the likelihood of the plan succeeding, and the risk of Iran attacking neighboring countries’ oil and gas infrastructure is also increasing. As oil prices climbed, gold fell by $123; the market expects that major oil-importing countries may need to sell reserves to maintain currency strength or buy oil.

GLDX0.30%
PAXG0.49%
XAU0.50%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • 2
  • Share
Comment
Add a comment
Add a comment
LimitOrderMonk
· 13h ago
Major importers dump gold to buy oil... if this logic chain is really true, would BTC also be affected?
View OriginalReply0
GateUser-8f9ccfec
· 18h ago
Iran targeting infrastructure in neighboring countries is more realistic than blockading the straits, but doing so would mean a limited war—oil market volatility would go through the roof.
View OriginalReply0
RugProofMaybe
· 18h ago
If Iran really dares to impose a full-scale blockade, then WTI breaking through $80 is only the beginning—this gold pullback is exactly the kind of dip I actually want to buy.
View OriginalReply0
QuietRabbitInTheWoods
· 18h ago
20% toll fee? The escort business in the US has been doing pretty well—turning the convoy into a toll booth.
View OriginalReply0
NekoValidator
· 18h ago
The escort fleet sounds impressive, but with the Strait of Hormuz being so narrow, an escort wouldn’t help in an actual fight, and the market’s doubts are right.
View OriginalReply0
GateUser-8da82d63
· 18h ago
Oil prices rise and gold falls—this combination suggests the market is pricing a “short-term supply shock” rather than a “long-term crisis,” which is interesting.
View OriginalReply0
InstantNoodle-LevelResearcher
· 18h ago
Once geopolitics explodes, oil and gold move in reverse—that script feels familiar.
View OriginalReply0
  • Pinned