During a meeting with tourism executives at the White House on Wednesday, US President Donald Trump stated that the US is prepared to launch another strike against Iran, asserting full control over the Strait of Hormuz. This comes as the US military escorted a record convoy of 40 tankers carrying 18 million barrels of oil through the critical chokepoint amid drone and anti-ship missile threats, alongside a major 25-year bilateral oil cooperation agreement signed between Washington and Venezuela.
The rapid escalation in the Middle East, compounded by Kuwait intercepting incoming Iranian missiles and drones, directly threatens global energy transit routes. While the US is securing alternative supply channels via Venezuela to offset potential disruptions, Treasury Secretary Scott Bessent warned that persistent geopolitical energy shocks are sustaining upward pressure on global commodity prices.
Energy markets reacted swiftly, with WTI crude rising to $91.01 per barrel (+0.88%) and Brent crude climbing to $95.63 (+1.04%). Safe-haven demand also strengthened, reflected by SPDR Gold Trust boosting its gold reserves by nearly 10 tonnes to 1,056.62 tonnes. Rising oil prices continue to fuel inflation concerns, complicating the global interest rate outlook despite resilient macroeconomic signals.
For digital assets, elevated geopolitical risk and sustained energy costs may tighten broader liquidity, creating short-term volatility for $BTC .
The rapid escalation in the Middle East, compounded by Kuwait intercepting incoming Iranian missiles and drones, directly threatens global energy transit routes. While the US is securing alternative supply channels via Venezuela to offset potential disruptions, Treasury Secretary Scott Bessent warned that persistent geopolitical energy shocks are sustaining upward pressure on global commodity prices.
Energy markets reacted swiftly, with WTI crude rising to $91.01 per barrel (+0.88%) and Brent crude climbing to $95.63 (+1.04%). Safe-haven demand also strengthened, reflected by SPDR Gold Trust boosting its gold reserves by nearly 10 tonnes to 1,056.62 tonnes. Rising oil prices continue to fuel inflation concerns, complicating the global interest rate outlook despite resilient macroeconomic signals.
For digital assets, elevated geopolitical risk and sustained energy costs may tighten broader liquidity, creating short-term volatility for $BTC .