President Trump announced the United States would strike Iran in response to an attack on a military base in Jordan, marking a sharp escalation in an already volatile Middle Eastern theater. The US president also issued a direct warning to China against continuing to supply weapons to Tehran, expanding the confrontation into a multi-front geopolitical standoff. This escalation could disrupt global energy markets, with Iran controlling the Strait of Hormuz through which roughly a fifth of the world’s daily oil supply passes. Crypto markets are bracing for volatility spillover, with potential downstream effects on stablecoin flows, mining operations, and cross-border capital movement.
Source: Read the original article
