In the early hours of May 8 local time, the U.S. military violated the ceasefire agreement, launching airstrikes on Iran's coastal areas and oil tankers. The Iranian armed forces quickly counterattacked, using ballistic missiles, anti-ship cruise missiles, and drones to strike U.S. naval vessels east of the Strait of Hormuz. Iran's Revolutionary Guard claimed to have repelled three U.S. destroyers, inflicting "significant losses." Oil prices, which had plunged 7% earlier on ceasefire hopes, rebounded sharply, while U.S. stocks erased gains. Tensions at the Strait of Hormuz have reignited, fueling risk-off sentiment and near-term volatility for risk assets.

GateSquare

05-08 07:22

📢 Gate Square | 5/8 Hot Discussion: #美伊冲突再升级
The prospects for US-Iran talks have suddenly taken a major hit. On May 8, the U.S. Central Command confirmed that U.S. forces intercepted and retaliated against an Iranian attack in the Strait of Hormuz. Owing to this geopolitical conflict, U.S. stocks promptly dropped below their highs, BTC fell through the $80,000 level, and oil prices saw a sharp V-shaped reversal. With tonight’s non-farm payroll data about to be released, can the bulls regain their ground?
🎁 Predict the market trend and draw 5 lucky Koi fish winners to share a $1,000 positio

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