🔥 The Strait of Hormuz blockade continues to intensify—this is something that has dragged on for half a year and still hasn’t turned out.
The Trump administration has made its position clear: it refuses to return to the agreement Iran signed with June. Economic sanctions keep going. Iran is also standing firm—if the conditions aren’t met, it won’t open the Strait.
Here’s what’s happening now: the U.S. Navy escorts 24 oil tankers through the Strait of Hormuz every day, and Iran’s oil exports have fallen to zero. Iranian officials say that because of the blockade, they can’t even import fuel, and their own production isn’t enough.
The most outrageous part is that Trump has said he will sanction China’s banks that are still doing business with Iran. The Ministry of Foreign Affairs has already responded, opposing illegal unilateral sanctions.
As for the market: oil prices have been hovering at a high level due to the situation in the Middle East. Rising energy costs have already started to affect the real economy. For example, Air New Zealand said fuel costs increased by 328 million US dollars because of this conflict.
Right now, everyone seems to have gotten used to this stalemate, but if it drags on, there will definitely be more landmines.
Personal take: with these sanctions continuing, the people who suffer most will still be ordinary citizens. When oil prices go up, who pays the bill? It’s not someone else—it’s us. Geopolitics has never brought anything good.
#BTC #ETH #DeFi #Macro #Crypto
NFA DYOR
The Trump administration has made its position clear: it refuses to return to the agreement Iran signed with June. Economic sanctions keep going. Iran is also standing firm—if the conditions aren’t met, it won’t open the Strait.
Here’s what’s happening now: the U.S. Navy escorts 24 oil tankers through the Strait of Hormuz every day, and Iran’s oil exports have fallen to zero. Iranian officials say that because of the blockade, they can’t even import fuel, and their own production isn’t enough.
The most outrageous part is that Trump has said he will sanction China’s banks that are still doing business with Iran. The Ministry of Foreign Affairs has already responded, opposing illegal unilateral sanctions.
As for the market: oil prices have been hovering at a high level due to the situation in the Middle East. Rising energy costs have already started to affect the real economy. For example, Air New Zealand said fuel costs increased by 328 million US dollars because of this conflict.
Right now, everyone seems to have gotten used to this stalemate, but if it drags on, there will definitely be more landmines.
Personal take: with these sanctions continuing, the people who suffer most will still be ordinary citizens. When oil prices go up, who pays the bill? It’s not someone else—it’s us. Geopolitics has never brought anything good.
#BTC #ETH #DeFi #Macro #Crypto
NFA DYOR