Iran strikes, Trump ends ceasefire: Bitcoin drops, oil surges

Iran closes the Strait of Hormuz and strikes US bases. Trump ends the ceasefire, triggering market turmoil: Bitcoin drops below $62,000, oil surges, and fears of wider conflict intensify.

Iran has closed the Strait of Hormuz and launched strikes on US military bases, sharply escalating regional tensions. This follows high-profile funerals and significant casualties from the US-Israeli campaign. In response to renewed US attacks and the revocation of an exemption for Iranian oil sales, Donald Trump declared the provisional ceasefire with Iran over. The announcement immediately heightened the risk of broader military conflict and pressured global energy markets. The breakdown of the ceasefire sent shockwaves through risk markets, with Bitcoin dropping below $62,000 and oil prices surging. Crypto markets have become increasingly volatile as investors react to the rising geopolitical risks. The situation has shifted Iran’s strategic posture and increased public support for retaliation. Market indicators now suggest declining confidence in Iran’s leadership stability by the end of 2026. Observers are closely monitoring further military actions, international responses, and internal political developments within Iran.