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Iran unexpectedly cools tensions in the Strait of Hormuz
Iran has just announced that it will not "challenge" the US in the Strait of Hormuz - a move seen as a concession to avoid escalating regional conflict.
This is a positive signal for the global oil market, as this strait accounts for about 20% of the world's crude oil traded. Any disruption could cause oil prices to skyrocket, putting pressure on inflation and economic growth.
If the news is true, it could easily be a TRAP for the SHORT$BTC $ETH #CryptoMarketRebounds #MarketCorrectionBuyOrHODL?
Iran unexpectedly cools tensions in the Strait of Hormuz
Iran has just announced that it will not "challenge" the US in the Strait of Hormuz - a move seen as a concession to avoid escalating regional conflict.
This is a positive signal for the global oil market, as this strait accounts for about 20% of the world's crude oil traded. Any disruption could cause oil prices to skyrocket, putting pressure on inflation and economic growth.
If the news is true, it could easily be a TRAP for the SHORT$BTC $ETH #CryptoMarketRebounds #MarketCorrectionBuyOrHODL?