Bitcoin Article

Bitcoin Dips, Oil Price Jump 11% as Russia, China, France Block UN Resolution on Hormuz

On April 3, 2026 by

Bitcoin price remains under selling pressure as oil prices climb 11% to surpass $111 on Friday amid escalating US-Israeli war against Iran. In a dramatic diplomatic standoff at the United Nations Security Council, countries such as Russia, China, and France have blocked an Arab-backed resolution to use military force against Iran to reopen the Strait of Hormuz.

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