US President Donald Trump has dramatically escalated tensions with Iran, announcing a powerful military strike and asserting the legal authority to resume attacks if necessary. The statement sent shockwaves through global markets, with oil prices surging over 4% as fears of a supply disruption at the Strait of Hormuz intensified.
Speaking from the White House, Trump delivered a harsh message: “We will strike back hard again today.” He emphasized that critical infrastructure, including bridges and power plants, could be targeted. Despite the aggressive posture, Trump claimed the US remains open to a nuclear compromise, stating that Iran has agreed not to possess nuclear weapons and simply needs to sign a fully negotiated agreement. However, he accused Tehran of prolonging the process, prompting increased pressure.
The legal basis cited is the 2001 Authorization for Use of Military Force (AUMF), though legal experts debate its applicability. Oil benchmarks reacted violently: Brent crude rose 2.7% and US WTI surged 3.5% in early trading according to one report, while another noted a 4% spike. The potential for wider regional conflict involving proxies in Iraq, Syria, and Yemen has raised global stability concerns.
For the cryptocurrency market, the geopolitical shock typically triggers a risk-off sentiment. Bitcoin and major altcoins often face selling pressure during such crises as traders flee to traditional safe havens. The event underscores the vulnerability of digital assets to macro-level escalations and could exacerbate volatility in the days ahead.
