1 month ago
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Key Takeaways
- Bitcoin showed no immediate panic after the strike.
- BTC faces four-hour resistance at $78,460.
- Brent crude climbed to $90.67 per barrel.
- Hormuz traffic remains the larger market risk.
Larak strike revives the threat to Hormuz traffic
U.S. forces carried out drone strikes against two Iranian launchers on Larak Island on August 30. U.S. officials said Islamic Revolutionary Guard Corps personnel were preparing rocket launchers and sea mines near the Strait of Hormuz, according to Reuters.
The attack was the first known U.S. strike on Iranian territory since late July. Iran responded by firing ballistic missiles toward a U.S. base in Jordan. U.S. officials said nearly all were intercepted and that the base suffered no substantial damage. Read Entire Article
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