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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Concerns over oil supply eased as revised estimates suggested a smaller impact from the Strait of Hormuz closure, with Kpler reporting strengthened flows via alternative logistics. Meanwhile, Bitcoin fell below $63,000 following Israeli strikes on Lebanon, which proceeded despite international criticism. Israeli Prime Minister Benjamin Netanyahu subsequently called for developing a domestic weapons industry to reduce U.S. dependence, while warning that the conflict with Iran remains ongoing.