Trump weighs military action against Iran after ceasefire deadlock

President Trump is reportedly weighing military options against Iran, including targeted airstrikes and naval escorts through the Strait of Hormuz, after Iran rejected a US peace proposal focused on nuclear restrictions. The existing ceasefire, described by Trump as being on "life support," has a 1% chance of survival. The Strait of Hormuz is a critical chokepoint for global oil supply, and any disruption could significantly impact energy markets and inflation. Trump is expected to consult with Chinese President Xi Jinping before any military action is taken. The geopolitical tensions have already influenced cryptocurrency markets, with Bitcoin rising and oil-linked tokens showing gains, as some analysts predict a rally in Bitcoin due to inflation fears. The situation also has implications for Bitcoin mining costs, potentially leading to increased selling pressure.

(Source：Crypto Briefing)