Crypto
Trump Threatens Iran: Markets on Edge as Tensions Escalate
US-Iran tensions have been escalating since February, and President Donald Trump has taken another jab at Iran by threatening to 'obliterate' its economy and eliminate its leadership if a deal is not finalized.
The Iranian intelligence has warned that the US and its allies are preparing a large-scale strike, prompting Iran to warn of 'painful retaliation' across the Middle East.
Geopolitical tensions have reached an all-time high, raising concerns about the impact on oil prices. Higher oil prices can lead to higher inflation, which is already a concern for the Federal Reserve.
The Fed recently raised interest rates by 25 basis points after its FOMC meeting, and historically, cryptocurrency markets tend to dip in such circumstances.