โ ๏ธ๐ฎ๐ท Iran's parliamentary speaker's chief adviser, Mahdi Mohammadi, warned, "We are in a very complex war. A response to the U.S. is inevitable, and the first step will be the destruction of Israel." Experts noted that Trump's unprecedented decision to bomb Iran's nuclear facilities marks a significant intervention in a foreign conflict. Meanwhile, Bahrain and Kuwait are preparing for potential conflict spillover, and Iraq is ramping up security measures. An attack on Iran may push the nation to pursue nuclear weapons for deterrence, according to the Arms Control Association.
โ ๏ธ๐ฎ๐ท Yemen has declared its entry into the war against Israel and the United States. The Iranian Foreign Ministry stated that Iran believes it has the right to confront US military aggression by any means necessary. Analysts warn that Iran's response to US attacks could escalate the conflict across the entire region.
๐จ๐ข Unconfirmed reports indicate that Iran's IRGC plans to blockade the Strait of Hormuz within hours. Iranian Foreign Minister Araqchi has not ruled out the possibility of closing the critical waterway, stating that "all options are on the table." U.S. military forces are focusing their attention on the Strait, according to the NYT. A closure or stricter vessel inspections could potentially drive oil prices to $150 and harm U.S. markets, warns Iranian newspaper Kayhan.
๐จ The Strait of Hormuz will be completely closed if aggression against Iran's sovereignty continues, warned Admiral Alireza Tangsiri, commander of the IRGC Navy.
๐ฅ๐ข The Iranian Parliament has approved the closure of the Strait of Hormuz, but the final decision will be made by the country's Supreme Security Council, according to a parliament member. The move underscores escalating geopolitical tensions, particularly in relation to oil and gas logistics in the region. The Strait of Hormuz is a critical passage for global energy supplies, making this decision significant for international markets.
๐ Key events this week include significant geopolitical developments in the Middle East.
On Monday, June 23, various PMI reports are scheduled from Australia, Japan, India, Germany, the Eurozone, and the UK, with the US also releasing its Manufacturing/Services/Composite PMI and Existing Home Sales.
Tuesday sees Canadaโs CPI and US consumer confidence data, while Wednesday features Fed Chair Powell's testimony.
The EU leaders' summit begins on Thursday, with discussions on sanctions against Russia.
Friday wraps up with GDP reports from the UK and the US.
For more on major token unlocks this week, click here.
On Monday, June 23, various PMI reports are scheduled from Australia, Japan, India, Germany, the Eurozone, and the UK, with the US also releasing its Manufacturing/Services/Composite PMI and Existing Home Sales.
Tuesday sees Canadaโs CPI and US consumer confidence data, while Wednesday features Fed Chair Powell's testimony.
The EU leaders' summit begins on Thursday, with discussions on sanctions against Russia.
Friday wraps up with GDP reports from the UK and the US.
For more on major token unlocks this week, click here.
๐ฎ๐ท Today, the United Nations Security Council will hold a meeting regarding Iran.
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โ ๏ธโด๏ธ Coinglass reports that in the past 24 hours, nearly $1 billion in long positions on BTC futures have been liquidated.
๐จ The United States is urging China to persuade Iran not to close the Hormuz Strait. A potential decision by Iran to shut down this crucial waterway would represent a significant escalation in the ongoing conflict, likely provoking a response from the U.S., according to Senator Marco Rubio.
๐จ Tether has just issued 2 billion USDT, a significant move in the cryptocurrency market. This development comes as Bitcoin (BTC) remains below the $100,000 mark, raising questions about potential market impacts. Investors are keenly observing how this influx of stablecoins could influence trading dynamics.
โ ๏ธ๐บ๐ธ๐ฎ๐ท The United States has issued a warning about an increased threat of attacks within the country due to escalating tensions with Iran, according to CBS News.
๐ช๐บ NATO countries will increase defense and security spending to 5% of GDP by 2035, according to a statement ahead of the summit in The Hague.
๐จ๐ข Monitoring agencies report that some vessels navigating through the Strait of Hormuz have turned back after the Iranian parliament approved a decision to close the strait. Unconfirmed reports previously indicated that a blockade could commence soon.
(It is advisable to await official statements from Iran)
(It is advisable to await official statements from Iran)
๐บ๐ธ Trump, following U.S. Air Force strikes on Iran's nuclear facilities, emphasized unity within the Republican Party. He recalled a prediction from 2013, stating, "I predict that President Obama, to save face, will attack Iran at some point!"
๐ Elon Musk announced that the launch of Tesla's robotaxi service will begin in Austin today, with a fixed fare of $4.20.
โจ The strategy of MicroStrategy is set to report new Bitcoin purchases tomorrow. CEO Michael Saylor has released a BTC purchase tracker, indicating that the company consistently reports its Bitcoin acquisitions the following day.
โ ๏ธโด๏ธ Bitcoin is forming a massive "McDonald's" model, raising eyebrows in the crypto community. As analysts observe this unusual pattern, speculation about its implications for market trends intensifies. Investors are urged to remain vigilant and informed as this development unfolds. Stay tuned for updates on this intriguing situation in the world of cryptocurrency.
๐จ Texas has enacted a law establishing a strategic BTC reserve. This move aims to position the state at the forefront of the cryptocurrency landscape, enhancing its potential influence and participation in the evolving digital economy. The legislation reflects growing recognition of Bitcoin's significance and its role in future financial systems. More details on this initiative can be found in the official announcements.
๐ฎ๐ท๐ท๐บ The Iranian Foreign Minister has arrived in Moscow to discuss issues related to Israeli and U.S. strikes on the Islamic Republic, according to IRNA.