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The Bitcoin market has experienced some significant price relief in recent weeks. The premier cryptocurrency currently trades around $71,000. The global markets have been rocked by heightened geopolitical tensions in the Middle East after the US and Israel launched a coordinated attack on Iran. The Islamic Republic of Iran has initiated a closure of the Strait of Hormuz, a major …
The Strait of Hormuz and Bab el-Mandeb are the most important maritime chokepoints in the Middle East. Since the 1980s, the two-way trade between the Gulf and Asia has boomed, but little was done to protect their supply chains. The current conflict between the US and Iran has exposed the "structural tension" in the Gulf-Asia economic relationship.
Donald Trump is losing the illegal war with Iran he started but can't stop. His violence-addicted Israeli sidekick, Benjamin Netanyahu, is terrorising Lebanon. People everywhere face a huge economic bill for his reckless folly. Rising oil and gas prices are driving a global energy shock that harms international trade, fuels inflation and creates food and medicine shortages. The war’s financial …
On Monday, the price of oil shot up to almost $120 per barrel, but by the evening it had fallen back to $83. Donald Trump's attack on Iran prompted those in power there to shell tankers and oil facilities and close their doorstep to traffic in the Strait of Hormuz. The DAX lost just 2.5 percent at its peak and …