🚨 Oil is heating up again
Brent crude has topped $107 a barrel after Zelensky accused Russia of targeting 6 Ukrainian energy facilities today, while Iranian reports said a third oil tanker was targeted and caught fire in the Strait of Hormuz.
These developments are increasing fears of disruptions to energy supplies and could keep oil prices under upward pressure if the attacks continue.
📉 For crypto, rising oil prices could revive inflation fears and complicate the path to holding interest rates steady, potentially putting pressure on Bitcoin and altcoins.
The question now: Can the market ignore geopolitical tensions, or will oil once again dictate market movements?
$BTC 👀 👇
#CryptoNews
Brent crude has topped $107 a barrel after Zelensky accused Russia of targeting 6 Ukrainian energy facilities today, while Iranian reports said a third oil tanker was targeted and caught fire in the Strait of Hormuz.
These developments are increasing fears of disruptions to energy supplies and could keep oil prices under upward pressure if the attacks continue.
📉 For crypto, rising oil prices could revive inflation fears and complicate the path to holding interest rates steady, potentially putting pressure on Bitcoin and altcoins.
The question now: Can the market ignore geopolitical tensions, or will oil once again dictate market movements?
$BTC 👀 👇
#CryptoNews