Iran Closes Strait of Hormuz Hours After Trump Said It Would ‘Never’ Close Again

7 hours ago

Key Takeaways:Trump’s Truth Social post on April 1

Iran Closes Strait of Hormuz Hours After Trump Said It Would ‘Never’ Close Again

Iran Closes Strait of Hormuz Hours After Trump Said It Would ‘Never’ Close Again

Key Takeaways:

Trump’s Truth Social post on April 17.

Bitcoin Hits $78,348 as Strait of Hormuz Reopening Ignites Global Relief Rally

Bitcoin.com News

Bitcoin.com News

Bitcoin Hits $78,348 as Strait of Hormuz Reopening Ignites Global Relief Rally

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Bitcoin surged past $78,000, reaching an intraday high of $78,348. The rally pushed its 24-hour gains to 4.1% and its…

At 8:30 a.m. Eastern time on Saturday, bitcoin is trading just above the $76,000 range. The ceasefire tied to the strait’s brief opening remains fragile. Some reports indicate a deadline of around April 22. The U.S. blockade of Iranian ports stays in effect, and Iran has shown it will use the strait as leverage until that changes.

Both governments have now staked out public positions that leave little room for quiet resolution. Trump frames the situation as progress toward a nuclear deal. Iran frames Trump’s version of events as fiction. The waterway carrying a fifth of the world’s energy supply sits in between.

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