Donald Trump sharply escalated rhetoric against Iran, promising to "beat the shit" out of the country following recent missile attacks on US forces in the Middle East. This intense language comes amid a renewed spike in conflict, rattling markets and energy prices.
Brent crude surged 7.1% to $87.87 a barrel as hostilities resumed, putting pressure on shipping lanes critical to global oil supply. The turmoil wiped $670 billion off US stock market valuations even as Bitcoin steadied near $64,500 after the Federal Reserve decided to hold interest rates steady.
The heightened tensions shows the fragile geopolitical landscape impacting crypto and financial markets alike. Trump's comments add fuel to an already volatile mix of sanctions, military actions, and economic uncertainty in the region, with potential ripple effects on energy costs and market confidence worldwide.
