🚨 OIL JUST TURNED GREEN AFTER IRAN REPORT 👀
Oil erased losses and flipped higher after reports said Iran rejected the U.S. proposal to reopen the Strait of Hormuz.
Why markets reacted fast?
Because Hormuz is one of the most important oil routes in the world. Any tension there can push oil higher and create pressure on risk assets.
U.S. stocks also slipped as traders reacted to reports about possible renewed U.S. military activity in the region, with Saudi Arabia and Kuwait reportedly restoring U.S. access to bases and airspace.
For crypto, this is a clear risk event.
If oil keeps moving up and geopolitical fear rises, BTC and alts can face volatility.
My view: Do not chase candles right now. Watch BTC reaction, oil movement, and U.S. market sentiment first.
News driven market means fast pumps and fast dumps.
Stay sharp. Manage risk. ⚠️
