Oil Breaks $100, but FX Refuses to Follow the Script - ActionForex
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Oil Breaks $100, but FX Refuses to Follow the Script - ActionForex
Brent broke below $100 after Saudi Arabia restarted its East-West Pipeline, capable of rerouting up to 4 million barrels per day, roughly 4% of global supply, around the Strait of Hormuz, and a senior Iranian official told Reuters Tehran could reopen Hormuz within seven days if Washington eases military pressure. Yet FX didn't confirm the move uniformly: CAD isn't broadly underperforming despite the drop, AUD and NZD diverged sharply from each o…
Iran's conditional offer to reopen the Strait of Hormuz within seven days triggered a sharp shift in the oil market. Brent, which had risen above $102 in the morning, fell to around $98 as expectations of diplomatic cooperation strengthened. 🚆
coin-turk.com
BITRSS🕊️ Iran has stated it could open the Strait of Hormuz within seven days if the US lifts its port blockade and reduces military pressure. 🛢️ Brent oil fell to $94.45 and WTI below $89 on expectations of diplomatic progress. 🚀 Bitcoin reached $87,281, while $999 million flowed into US spot $BTC ETFs in a single day. ⚠️ The Crypto Fear and Greed Index rose to 78, reaching the "extreme greed" zone for the first time in over a year. Read More: Ira…
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