Donald Trump declares Iran ceasefire ‘on life support’ as crude oil tops $105
Crypto Briefing
Donald Trump stated that the Iran-Israel ceasefire is failing, causing crude oil prices to surge past $105 per barrel.Summary
Donald Trump has characterized the Iran-Israel ceasefire as being "on life support," triggering a surge in crude oil prices above $105 per barrel. The truce, mediated by the US and Qatar in June 2025, had remained intact for nearly a year, but recent signals from Trump suggest the diplomatic effort is collapsing. Market participants fear that renewed conflict could disrupt the Strait of Hormuz, threatening global oil supplies. This price spike complicates the economic outlook for central banks and introduces volatility into financial markets, including potential negative impacts on risk assets like Bitcoin due to a strengthening US dollar.
(Source：Crypto Briefing)