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US-Iran tensions & oil
Geopolitics just hit the oil market.
WTI jumped 5.7%, with renewed US-Iran tensions raising concerns around energy supply and the Strait of Hormuz.
And this is why I always say:
Don’t watch crypto in isolation.
Oil → inflation → rates → liquidity → risk assets.
One headline can travel through the entire market.
#USIranTensionsOilSurges5.7%