Oil Prices Surge 2% After US Strikes on Iranian Nuclear Facilities: Crypto Market Implications | Flash News Detail
The recent surge in oil prices by over 2% at the market open on June 22, 2025, has sent ripples across global financial markets, including cryptocurrencies, as geopolitical tensions escalate following reported US strikes on Iranian nuclear facilities. According to The Kobeissi Letter on Twitter, this initial price jump reflects a short-term reaction rather than a market consensus on a prolonged conflict. At precisely 9:30 AM EDT on June 22, 2025, Brent Crude futures spiked to $85.60 per barrel from $83.90, while WTI Crude rose to $81.20 from $79.60, based on real-time data from major commodity trackers. This sharp movement in oil prices often correlates with heightened risk aversion in financial markets,…
