๐บ๐ฒ U.S. President Donald $TRUMP said the war with Iran could end โvery soon,โ possibly after the U.S. midterm elections. However, he did not provide details on how a possible agreement with Iran could be reached.
Meanwhile, tensions around the Strait of Hormuz remain high. A crude oil tanker near Oman was hit by an unidentified projectile, while all crew members were reported safe.
๐ Energy Markets Under Pressure
G7 countries have agreed to release up to 100 million barrels of crude oil and diesel reserves over four months. The move could help reduce pressure on global energy supplies and oil markets.
๐ฅ Yemen Conflict Also Intensifies
Fighting has continued in Yemen. Yemeni forces reported 474 attacks against Houthi positions over 24 hours. Saudi Arabia also reported intercepting three ballistic missiles targeting Khamis Mushait.
๐ What Traders Are Watching
โข Strait of Hormuz developments
โข Oil $CL prices and global supply
โข U.S.-Iran negotiations
โข DXY / U.S. Dollar
โข U.S. Treasury yields
โข Gold & Bitcoin volatility
For Bitcoin and $XAU Gold traders, geopolitical developments remain an important source of market volatility. Any major change in the Iran conflict, oil supply or Hormuz situation could quickly affect market sentiment.
Stay updated and manage risk carefully. ๐๐
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