Donald Trump rejects Iran’s peace proposal, oil prices surge over 4%
Donald Trump rejected Iran’s peace proposal, causing global oil prices to jump over 4% amid ongoing regional military tensions.Summary
President Donald Trump has rejected a peace counterproposal from Iran, labeling it "totally unacceptable" and intensifying the 10-week military conflict involving the US, Israel, and Iran. The ongoing closure of the Strait of Hormuz, a vital energy route, has prompted a 4% surge in oil prices. Israeli Prime Minister Benjamin Netanyahu continues to advocate for a firm military stance until Iran’s nuclear threats are neutralized.
The market instability has seen a shift in investor behavior, with gold prices falling while energy assets gain momentum. Experts warn that the sustained spike in oil prices could drive inflation, leading to higher bond yields that may negatively impact speculative assets like Bitcoin. Furthermore, increased energy costs threaten the profitability of Bitcoin mining operations, which could force miners to sell off reserves to cover rising expenses.
(Source：Crypto Briefing)