Overview
- U.S. Central Command carried out fresh strikes that hit more than 80 Iranian military targets after President Donald Trump said the interim ceasefire was "over," prompting immediate market moves.
- Brent briefly climbed toward $80 a barrel and U.S. WTI rose above $75, a surge that revived inflation concerns by threatening oil supply through the Strait of Hormuz, a route for roughly 20% of seaborne oil trade.
- Federal Reserve minutes from the June meeting showed a split among policymakers with some favoring immediate rate increases, and money markets moved odds of an earlier hike forward, lifting short‑term yields.
- Bitcoin fell into the low $61k–$62k range but held above the key $60,000 support as consecutive small net inflows into U.S. spot Bitcoin ETFs provided partial price support.
- Traders warn downside risks remain: further escalation, higher oil‑driven inflation that forces quicker Fed tightening, or a reversal of ETF inflows could push bitcoin below $60,000 and trigger losses for leveraged retail and institutional positions.