President Donald Trump said the United States will hit Iran “very hard tonight” and will later seize Kharg Island, the terminal behind nearly 90% of the country’s crude oil exports.
Oil prices rose back above $91 within minutes of Truth Social’s post, while Bitcoin quickly fell below the $63,000 threshold. Meanwhile, energy traders have priced in a higher geopolitical risk premium across the board.
Trump targets Kharg Island, the lifeline of Iranian oil
Trump posted the threat on Thursday, days after US troops resumed Strikes on Iran. Tehran says that these attacks made the ceasefire with Washington meaningless, and it launched retaliatory strikes on American bases in the region.
Trump books In this post.
The comparison with Venezuela suggests a straightforward template. Washington has controlled sales of Venezuelan crude oil since Nicholas was arrested by US forces Maduro In January.
Council on Foreign Relations Reports Nearly 100 million barrels worth about $8 billion were transferred through US-managed accounts within four months.
Al Kharj is a much bigger prize. The terminal loads giant tankers that carry approximately 90% of Iran’s crude oil exports CFRThis makes it the most vulnerable asset in the economy.
Iran responded with pressure of its own. The Persian Gulf Strait Authority announced that the Strait of Hormuz is closed until further notice, while the US Central Command says that commercial ships continue to cross.
JP Morgan Estimates Visible oil tanker traffic has already fallen to about 15% of pre-war levels.
History also warns against expecting a clean close. Iraq fatherMbed It exited repeatedly during the tanker wars of the 1980s, yet Iran redirected exports through the islands of Lavan and Siri and continued to ship more than 1.5 million barrels per day.
Bitcoin holds near $63,000 as oil rebounds
US crude spot prices spent most of Thursday falling towards $90 before jumping to $91.75 after publication. In contrast, Bitcoin fell to around $62,680 before recovering to $62,841, up 0.25% on the day, according to BeInCrypto Markets Data.
The rise in volatility reflects what happened with Trump A previous ceasefire announcementwhen risky assets such as Bitcoin and stocks as well as commodities such as oil are repriced sharply.
However, analysts warned that the ongoing oil shock may fuel it Liquidity pressure on crypto Through higher inflation and tightening appetite for risk.
Tehran, for its part, continues to push conflict financing toward crypto paths, including the proposed one Bitcoin fees on carriers Crossing Hormuz.
The occurrence of strikes tonight may determine whether oil’s new risk premium increases or fades by the end of the week.
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