More than $500 billion was wiped from US stock markets after President Donald Trump declared the US-Iran ceasefire effectively over and warned that Washington could launch new military action against Iran.
summary
- Donald Trump announced the end of the ceasefire between the United States and Iran and warned of the possibility of new military action against Iran.
- More than $500 billion has been wiped off US stock markets as oil prices rise and cryptocurrency price losses continue.
- Bitcoin fell towards key support as traders monitored risks to the oil export terminal on Iran’s Kharg Island.
according to comments Trump told reporters that he no longer considered the ceasefire to be in effect, saying: “I don’t want to have anything to do with them anymore; they are scum.” During separate comments at the NATO summit, Trump also said the United States would “probably” strike Iran again later that night, raising fears of a broader conflict across the Middle East.
These statements came just days after indirect talks between American and Iranian negotiators, mediated by Qatar and Pakistan in Doha. It is said Produced positive progress. Tuesday’s comments raised doubts about whether these diplomatic gains can last.
The markets responded immediately. US stocks fell sharply, crude oil rose, and cryptocurrencies extended losses as investors turned away from risky assets. Trump’s comments also drew attention because he incorrectly referred to Iran as the “Islamic Republic of Japan” while describing what he said was an 11-missile attack on a US aircraft carrier.
Oil and stocks reacted first to renewed geopolitical concerns
Energy markets recorded one of the strongest reactions. Crude oil jumped nearly 5%, testing resistance near $75 after traders forecast possible supply disruptions. If prices stabilize above $72, technical price action suggests that oil may challenge $78 in the short term.
Wall Street also fell. The S&P 500 fell nearly 1%, the Nasdaq 100 lost 1.5%, and the Dow Jones Industrial Average fell 1.3%. Intraday trading pushed the S&P 500 lower to around 7,429 before stabilizing slightly near 7,437.
Gold failed to benefit from the initial flight to safety, falling approximately 2.5% from approximately $4,100 to $4,030.
Digital assets followed weakness in stocks. according to Queen Glass125,335 traders were liquidated over the past 24 hours, with total liquidations exceeding $385 million across the cryptocurrency market.
Bitcoin also extended its decline after already coming under pressure The following reports An oil tanker was attacked in the Strait of Hormuz earlier this week. The cryptocurrency was trading near $62,200 at the time of writing this report after failing to regain resistance around $63,200, a level that coincides with the 78.6% Fibonacci retracement on the daily chart.
Technical indicators also show Bitcoin remaining below supertrend resistance near $65,800 while continuing to trade below the downtrend line, suggesting sellers still maintain the advantage. If geopolitical tensions intensify further, the next major support is near $57,900, with intermediate support around $61,500.
Trump’s warning about Iranian infrastructure has raised concerns about supplies
Along with declaring the ceasefire over, Trump outlined what he claimed the US military could do if hostilities escalate further.
Trump said: “The US military can destroy all of Iran’s bridges, disable its electrical grid, and destroy its desalination plants in one day.”
Trump also discussed Kharg Island, Iran’s main oil export terminal, saying that US forces had struck part of the facility the night before and suggesting they might eventually be able to take control of the entire island.
Kharg Island handles most of Iran’s crude oil exports, making it one of the most important energy infrastructure locations in the world. Any prolonged outage there could reduce global crude supplies and maintain upward pressure on oil prices.
As traders continue to evaluate Washington’s next move, developments around Iran’s oil infrastructure are expected to remain one of the key drivers for the oil, stock and cryptocurrency markets in the coming sessions.
