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.
The Israeli PM called for a domestic weapons industry to reduce reliance on U.S. aid, while warning that the conflict with Tehran remains ongoing.
Read the full storyThe world's largest cryptocurrency fell following Israeli strikes on Lebanon, as investors retreated from volatile assets amid intensifying geopolitical risks.
New estimates suggest oil supply losses from the Strait of Hormuz closure will be significantly lower than initial 10 million barrel projections.