Macro· ★★★★· bearish·

Trump Accuses Iran of Faking Hormuz Attacks as Oil Tops $113

  • —Brent crude jumped 3.9% to above $113 a barrel, a five-month high
  • —Bitcoin dropped nearly 4% in 24 hours to a low of $81,273
  • —Iran said it struck four tankers and that three other vessels hit mines
  • —Houthi attacks hit a Dammam airport and a Saudi Aramco oilfield
Why it matters: Higher oil prices stoke inflation concerns and pressure risk assets, including crypto, ahead of the Fed's next decision.
Source: Coinpedia