BlockBeats News, March 12th, in his first statement since taking office, Iran’s new Supreme Leader Ebrahim Raisi stated: “The Strait of Hormuz must remain closed. All U.S. military bases in the region should be shut down immediately, as these bases will be targeted. Research has been conducted on other fronts in areas where the enemy lacks experience and is highly vulnerable; if the state of war continues and is deemed appropriate, these fronts may be activated.”
Analyst Dara Doyle stated that the market interpreted the remarks of Iran’s new Supreme Leader Ebrahim Raisi as quite hardline, with little indication that Iran is prepared to compromise with the United States and Israel.
According to Bitget data, oil prices continued to rise, with WTI crude oil surging over 9% intraday to temporarily trade at $96.42 per barrel. Spot gold fell by 0.93% intraday to $1,528 per ounce. The three major U.S. stock indexes experienced a general decline, with the Nasdaq falling by 1.82%, the Dow Jones falling by 1.45%, and the S&P 500 falling by 1.39%.
Cryptocurrencies remained resilient in the market turmoil. According to Bitget data, Bitcoin recorded a 24-hour gain of 0.05%, trading at $70,399, while Ethereum recorded a 24-hour gain of 0.66%, trading at $2,067.
