US President Donald Trump’s statements regarding a potential war with Iran have caused a major stir in global markets. These statements led to a sharp drop in oil prices and a sharp rise in Bitcoin (BTC) prices, while counter-statements came from the Iranian side.
Iranian state media denied claims that any contact had been made with the United States.
According to Iran’s state news agency Fars, a senior Iranian security official stated that there has been no communication between Iran and the United States, either directly or through an intermediary.
According to the report, the official described Trump’s statements as “psychological warfare” and argued that he had changed his stance.
The official stated, “President Trump’s relevant statements are a tactic of psychological warfare,” adding that the Strait of Hormuz will not return to its pre-war state unless the psychological pressure ends.
“The situation in the Strait of Hormuz cannot be restored to its pre-war state through psychological warfare.”
According to the local news agency Tasnim, the Iranian Foreign Ministry stated that there are currently no negotiations with the US and that Trump wants to buy time. It was also reported that Trump backed down after Iran threatened to strike all energy facilities in the Middle East.
“Trump is trying to buy time to lower energy prices.”
The market continued to react to statements from the US and Iran. Bitcoin, which rose following Trump’s remarks, gave back some of its gains after Iran denied the talks, and volatility increased. Bitcoin lost some of its intraday gains and fell to around $70,000. Its gains over the last 24 hours remained at approximately 2.5%.
International oil prices also experienced short-term fluctuations. Brent oil fell to $97 before rising again to around $100. WTI crude oil, after a sharp drop to $87, rose to around $92.
*This is not investment advice.