US President Donald Trump has vowed to continue military operations as the Middle East war with Iran enters its third week of intensified hostilities.
summary
- Trump said that the United States will intensify its strikes on Iran’s vital infrastructure during the next two or three weeks as military operations expand.
- Iran warns of “crushing” retaliation and rejects ceasefire talks, claiming that US and Israeli strikes have only hit limited targets so far.
- Major cryptocurrencies fell in response to the recent escalation.
“We’re going to hit them hard over the next two or three weeks,” Trump said. “We’re going to take them back to the Stone Age, where they belong.” He saidHe added that the United States would no longer tolerate “state-sponsored provocations” against American assets.
Furthermore, Trump noted that Iran has repeatedly violated the terms of every previous diplomatic deal and asserted that US forces would aggressively target critical infrastructure across the country.
He added: “We will hit each of their power plants very hard and perhaps simultaneously (…) We did not hit their oil, although this is the easiest target of all, because it will not give them even a small chance to survive or rebuild.”
The ongoing war in the Persian Gulf It shook traditional and emerging markets alikeThe escalation led to a huge rise in oil prices immediately after Iran threatened to permanently close the Strait of Hormuz.
Since the start of the war, Bitcoin has fallen by approximately 12%; Meanwhile, despite its safe-haven reputation, gold also fell sharply as a stronger US dollar and rising bond yields outweighed geopolitical concerns.
Trump says the oil situation will improve
Trump acknowledged concerns about rising gas prices but downplayed the economic impact, saying it was a “short-term” temporary situation and that he expected global supply routes to open once Tehran surrendered.
He added: “When this conflict is over, the strait will open naturally. It will open up naturally. They will want to be able to sell oil because that is all they have to try to rebuild. The flow will resume and gas prices will fall quickly.”
He went on to add that the US economy is “strong and improving” and that the domestic energy sector will “come back strong like never before.”
Trump said: “Thanks to the progress we have made. I can say tonight that we are on track to complete all American military goals soon. Very soon.”
Iran threatens to retaliate
Although Trump said back-channel discussions for a ceasefire are continuing, Iranian leaders have strongly denied that any serious talks are underway.
After the latest speech, the IRGC vowed “devastating” retaliation, adding that so far, the US and Israel had struck “insignificant” targets.
Spokesman for the Supreme Leader He said The two countries have “incomplete” information about the country’s secret military capabilities, and warned that any further strikes would be met with “overwhelming, broader and devastating” attacks.
He added that the bulk of Iranian missile production takes place in “places you do not know at all.”
Wednesday, Reports He noted that Iran has blacklisted 18 technology companies, including Silicon Valley giants such as Microsoft and Google, indicating that they would be considered “legitimate targets” in response to cyber strikes on Iran.
The Revolutionary Guards, which the United States classifies as a terrorist organization, warned on Tuesday that from now on, for every assassination, an American company will be destroyed.
Crypto markets are under pressure
Major cryptocurrencies besides Bitcoin, including Ethereum, XRP, and BNB, are starting to emerge. Sharp decline It has losses ranging between 3-5% as of last check.
If the overall situation continues to deteriorate, this could spell trouble for the liquidity of these high-beta volatile assets, especially as Bitcoin hovers near a key support area around $65,000.
If this support breaks, it could trigger a massive wave of liquidations, which could send the broader market into a long crypto winter fueled by geopolitical instability.
