On June 24, the retaliatory strike by Iran against the U.S. base in Qatar was not as serious as investors feared, alleviating concerns that the conflict would immediately disrupt Middle Eastern supplies, leading to a fall in oil prices. After Iran launched missiles at the U.S. base in Qatar, U.S. oil experienced a big dump of 4%, as traders were previously worried that Iran's retaliatory response would involve closing the Strait of Hormuz, through which about one-fifth of the world's oil passes.
Although there were initial concerns that Iran would interfere with supplies to retaliate against the United States, those concerns have diminished. "In my view, this seems to be well planned; Iran attacked an empty American base, issued numerous warnings in advance, closed its airspace, and provided evasion guidance," said Harry Tchilinguirian, head of research at Onyx Capital Group. "Iran made a face-saving response, steering clear of the Strait of Hormuz."
Both sides have not yet erupted into larger-scale conflicts, which may have impacted the cryptocurrency market and the US stock market, both of which have seen a short-term recovery.
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SignatureVerifier
· 11h ago
technically speaking, this has all signatures of a pre-arranged performance... statistically improbable to be coincidental
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ImpermanentLossFan
· 11h ago
Who is afraid of whom? It's just a formality.
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DegenWhisperer
· 11h ago
Just make a show of it and be done.
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MeaninglessGwei
· 11h ago
It's all about face when it comes to fighting, it really gives some prestige.
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MerkleDreamer
· 11h ago
Retaliation for show, just a verbal sparring.
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CryptoPhoenix
· 12h ago
The market bottom has arrived. Multiple beliefs. Remember that every crisis is an opportunity for breakthrough.
Iran's retaliation did not affect oil supply, oil prices fell by 4%, and the Crypto Assets market is recovering.
On June 24, the retaliatory strike by Iran against the U.S. base in Qatar was not as serious as investors feared, alleviating concerns that the conflict would immediately disrupt Middle Eastern supplies, leading to a fall in oil prices. After Iran launched missiles at the U.S. base in Qatar, U.S. oil experienced a big dump of 4%, as traders were previously worried that Iran's retaliatory response would involve closing the Strait of Hormuz, through which about one-fifth of the world's oil passes.
Although there were initial concerns that Iran would interfere with supplies to retaliate against the United States, those concerns have diminished. "In my view, this seems to be well planned; Iran attacked an empty American base, issued numerous warnings in advance, closed its airspace, and provided evasion guidance," said Harry Tchilinguirian, head of research at Onyx Capital Group. "Iran made a face-saving response, steering clear of the Strait of Hormuz."
Both sides have not yet erupted into larger-scale conflicts, which may have impacted the cryptocurrency market and the US stock market, both of which have seen a short-term recovery.