US Economy: Oil, Stocks, and Crypto in Jeopardy Amid a Rising Geopolitical Storm
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The rising war tensions between Iran and Israel are fueling a new world resource narrative. In a counter-strike, Iran announced a retaliatory war on Israel, potentially disrupting global economies. The US economy, already in trouble, is further affected by the ongoing war tensions. Global US-centric stocks dropped to new lows, wiping away millions worth of gains. The cryptocurrency market also experienced massive liquidation, with Bitcoin plunging to new lows. The most pressing issue is the potential crude oil crisis, with predictions stating that an attack on Iran's oil production or export facilities could drive the price of Brent crude oil to $100.
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