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Trump Accuses Iran of Faking Hormuz Attacks as Oil Tops $113, Tehran Warns US

Trump Accuses Iran of Faking Hormuz Attacks as Oil Tops $113, Tehran Warns US

Photo: Coinpedia

Donald Trump accused Iran of fabricating ship attacks and mine incidents to push oil prices higher. Iran warned it could strike US bases in the region if commercial vessels continued using the US-backed southern Omani corridor. Bitcoin fell nearly 4% in 24 hours, reaching a low of $81,273 as escalating Middle East tensions. Oil prices climbed 4% above $113 a barrel as tensions between the United States and Iran intensified over the Strait of Hormuz. President Donald Trump accused Tehran of fabricating attacks and mine incidents to push up oil prices before the November 3 midterm elections.

Source: Coinpedia

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