Oil Prices Surge 5% as US Revokes Iran Waiver, Bitcoin Volatility Remains Elevated
2026-07-08 11:21

Woofun AI reports that the United States revoked Iran's oil sales exemptions while expanding military strikes, causing international oil prices to surge approximately 5%. The security risk in the Strait of Hormuz has escalated, prompting Saudi Arabia to plan Red Sea pipeline expansions as alternative shipping routes.

Bitcoin continues to trade within a range, with short-term liquidity concentrated around liquidation levels below $62,500 and $60,000, and above $64,300 and $67,700.

Meanwhile, Nasdaq 100 volatility has reached a multi-decade high, leading institutions to hedge positions and shift funds toward defensive sectors.

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