Iran Oil Tanker Fees Still Dominated by USDt, No Signs...
The Iranian government is accepting tolls for oil ships crossing the Strait of Hormuz in Chinese yuan, US dollar-pegged stablecoins and Bitcoin.
The Iranian government is accepting tolls for oil ships crossing the Strait of Hormuz in Chinese yuan, US dollar-pegged stablecoins and Bitcoin.
Bitcoin recovered above $77,000 and oil futures fell 10% after Iran’s foreign minister declared the Strait of Hormuz open to all commercial ships until the end of the ceasefire.
UAE investors are buying the AI and tech sell-off, rotating into software, chips and crypto, as the Iran conflict tests the Gulf’s bid to be a global AI hub.
The US commodities regulator is investigating suspicious oil futures trades that were made ahead of two US announcements regarding the war in Iran.
Bitcoin and altcoins rally toward critical resistance levels despite investors’ concern over a weakening US economy and soaring oil prices.
Bitcoin retraced below $71,000 after failed peace talks between the US and Iran led the Trump administration to block the Strait of Hormuz, sending oil prices up nearly 10%.
The White House issued a warning to staff about insider trading by government officials, adding to growing concerns tied to oil and prediction market trading by politicians.
A spokesperson for Iran’s Oil, Gas and Petrochemical Products Exporters’ Union reportedly said vessels using the Strait of Hormuz would be able to pay for passage in Bitcoin.
Oil prices soared to a near four-year high, and historical data suggests that Bitcoin price corrections tend to follow. Should traders expect another sell-off?
Onchain commodity trading is proving more than a short-term spike, with rising oil and gold volumes, but limited liquidity still keeps traditional markets dominant.
A surge in energy prices due to the ongoing conflict in the Middle East has caused a surge in trading volume in commodity-linked perpetual futures contracts.
Crypto and Asian markets were rattled on Monday as the conflict between the US, Israel and Iran heads into its fourth week.
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