Oil prices slid while crypto posted modest gains after US President Donald Trump delivered mixed messages about the Iran conflict.
Trump told CBS News in a phone interview on Monday:
“I think the war is very complete, pretty much.”
The US military has claimed it struck more than 3,000 Iranian targets in the first week of operations.
Oil drops after de-escalation remarks
Following Trump’s comments, oil fell about 28% from a four-year high near $118 to around $85 within hours.
Trump escalates on Truth Social
Trump later warned on Truth Social that if Iran disrupts oil flows through the Strait of Hormuz, the US would respond far more aggressively.
He wrote:
“If Iran does anything that stops the flow of oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far.”
In the same post, Trump added:
“Death, Fire, and Fury will reign upon them — But I hope, and pray, that it does not happen!”
Bitcoin reclaims $70,000
Crypto markets were up about 3.1% over the past 24 hours, with bitcoin reclaiming $70,000.
SignalPlus partner Augustine Fan said:
“Crypto prices will continue to follow other risk assets without a fundamental narrative of its own in the near term, and macro leadership will still be driven by oil.”
Relief rally vs. prolonged uncertainty
Bitrue research lead Andri Fauzan Adziima said that if Trump’s claim proves accurate, a relief rally could follow, but doubts remain amid mixed signals.
Iran’s Revolutionary Guard reportedly dismissed Trump’s remarks as “nonsense,” saying Iran would determine when the war ends.
