It’s interesting how gold falls along with it— the oil-gold seesaw has kicked back in. If major importing countries sell gold to buy oil, volatility afterward may be amplified further.

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.