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Breaking: Yellen says US pressure is suffocating Iran, as oil reserves fill up and potential oil wells are closed next week.
This could impact energy-related markets and geopolitical risk sentiment.
Escalation between the US and Iran will initially drive cryptocurrency investors toward safe havens, with Bitcoin and Ethereum experiencing rapid declines, focusing on high-leverage contracts, and if conflicts lead to rising oil prices sparking inflation fears, this will boost expectations of Federal Reserve rate hikes, putting pressure on liquidity in the crypto market.
But in extreme cases,