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Bitcoin & XRP Fall as Yemen’s Houthis Strike Saudi Tankers in Red Sea amid US-Iran War
Yemen’s Iran-Aligned Houthis Disrupt Oil Supply in Red Sea
Yemen’s armed forces hit two Saudi oil tankers in the Red Sea using ballistic missiles, cruise missiles, and drones, IRNA News Agency reported on July 23. The attacks also intercepted multiple commercial vessels, according to a formal statement by spokesperson Yahya Saree.
Saudi authorities confirmed a Saudi-owned commercial vessel was targeted in the Red Sea, causing a fire on the ship. All crew members are safe. Authorities claim such attacks constitute a violation of international laws and norms.
Houthi leaders in Yemen have declared a naval blockade against Saudi Arabia, effective immediately. US stock futures, Bitcoin and XRP are dropping amid risks of further supply disruptions.
The attacks coincided with Saudi Arabia signing a nuclear deal with the US. The 30-year agreement aims to strengthen bilateral cooperation on nuclear energy.
Meanwhile, U.S. Central Command (CENTCOM) forces completed another round of strikes against Iran for the 12th consecutive night. President Trump threatened to bomb bridges or power plants every time Iran shoots at a ship in the Strait of Hormuz
U.S forces struck Iranian military targets including maritime capabilities, missile and drone storage facilities, coastal surveillance sites, and air defense systems. The strikes further degrade Iran’s ability to attack civilian mariners and commercial vessels.
Bitcoin and XRP Slips amid Rising Oil Prices, US Treasury Yields
Two-chokepoint risk for global oil supply caused oil prices to spike above $88 per barrel today. Oil prices are now up more than 31% since July-start, with no signs of an end to the US-Iran war.
Meanwhile, the US dollar index (DXY) slipped below 101.71 amid inflation concerns from surging energy costs. The 10Y Treasury Yield is approaching 4.70% and a fresh 52-week high, triggering selloffs in Bitcoin price.#Write2Earn $BTC $XRP
Bitcoin & XRP Fall as Yemen’s Houthis Strike Saudi Tankers in Red Sea amid US-Iran War
Yemen’s Iran-Aligned Houthis Disrupt Oil Supply in Red Sea
Yemen’s armed forces hit two Saudi oil tankers in the Red Sea using ballistic missiles, cruise missiles, and drones, IRNA News Agency reported on July 23. The attacks also intercepted multiple commercial vessels, according to a formal statement by spokesperson Yahya Saree.
Saudi authorities confirmed a Saudi-owned commercial vessel was targeted in the Red Sea, causing a fire on the ship. All crew members are safe. Authorities claim such attacks constitute a violation of international laws and norms.
Houthi leaders in Yemen have declared a naval blockade against Saudi Arabia, effective immediately. US stock futures, Bitcoin and XRP are dropping amid risks of further supply disruptions.
The attacks coincided with Saudi Arabia signing a nuclear deal with the US. The 30-year agreement aims to strengthen bilateral cooperation on nuclear energy.
Meanwhile, U.S. Central Command (CENTCOM) forces completed another round of strikes against Iran for the 12th consecutive night. President Trump threatened to bomb bridges or power plants every time Iran shoots at a ship in the Strait of Hormuz
U.S forces struck Iranian military targets including maritime capabilities, missile and drone storage facilities, coastal surveillance sites, and air defense systems. The strikes further degrade Iran’s ability to attack civilian mariners and commercial vessels.
Bitcoin and XRP Slips amid Rising Oil Prices, US Treasury Yields
Two-chokepoint risk for global oil supply caused oil prices to spike above $88 per barrel today. Oil prices are now up more than 31% since July-start, with no signs of an end to the US-Iran war.
Meanwhile, the US dollar index (DXY) slipped below 101.71 amid inflation concerns from surging energy costs. The 10Y Treasury Yield is approaching 4.70% and a fresh 52-week high, triggering selloffs in Bitcoin price.#Write2Earn $BTC $XRP