Recently authorized airstrikes by President Trump on Iranian nuclear facilities have significantly influenced the global economy and the cryptocurrency market.
International and Economic Impacts
Trump authorized airstrikes on three Iranian nuclear facilities, resulting in a noticeable downturn in cryptocurrency values. The potential for Iranian retaliation against U.S. bases in the region adds to the tension. Israel has hinted at halting attacks following these interventions. 'If Iran were to close the Strait of Hormuz in response, it could drive oil prices above $100.' Rising oil prices pose new challenges for the global economy.
Crypto Calendar: Upcoming Events
Throughout the week, potential Iranian attacks on the Strait of Hormuz and U.S. bases in the region will be closely monitored. Fed officials' speeches, including Chair Powell's, and various economic indicators are expected to provide more insight into developments. Key events of the week include:
* June 23, Monday: Fed member Bowman speaking at 17:00. * June 24, Tuesday: Powell testifying before the Senate at 17:00. * June 26, Thursday: Quarterly GDP data at 15:30. * June 27, Friday: Core PCE and Michigan Sentiment data at 15:30.
Outlook and Possible Scenarios
Iran claims minimal damage while Israel asserts that their objectives were achieved. If no attacks on U.S. bases occur, Trump may urge Israel to cease its operations. Should the scenario of world war be avoided, it stands to reason that market fears have peaked, possibly leading to stabilization.
The situation remains tense, and the further actions of Iran and other countries' governments will play a critical role in the evolution of the global economy and cryptocurrency markets.
