US-Iran Talks Collapse Sending Oil Past $100
Geopolitical Shock
Trump rejected Iran's peace proposal as "completely unacceptable" while Iran refused to draft a plan to please the US, causing WTI crude to surge past $100/barrel (+4.8%).
Crypto Market Reaction
Despite risk-off sentiment hitting equities (-0.3% futures), $BTC climbed back above $82,000, showing resilience as a geopolitical hedge.
Outlook
Prolonged Hormuz Strait tensions and rising oil prices could sustain inflation fears ahead of the May 12 CPI release.
#TrumpToVisitChinaFromMay13To15
Geopolitical Shock
Trump rejected Iran's peace proposal as "completely unacceptable" while Iran refused to draft a plan to please the US, causing WTI crude to surge past $100/barrel (+4.8%).
Crypto Market Reaction
Despite risk-off sentiment hitting equities (-0.3% futures), $BTC climbed back above $82,000, showing resilience as a geopolitical hedge.
Outlook
Prolonged Hormuz Strait tensions and rising oil prices could sustain inflation fears ahead of the May 12 CPI release.
#TrumpToVisitChinaFromMay13To15
