In the past couple of days, both the U.S. and Iran have been claiming control over the Strait of Hormuz, but judging by oil prices, I still believe what Iran says. After all, Iran claims that even after the blockade, oil prices remain high. Meanwhile, Trump says the U.S. controls Hormuz, but if that were true, oil prices should have dropped below $70, not stayed around $85. Not sure if the U.S. is really out of options, but recently I’ve seen media discussions about countries starting to consider the feasibility of Iran’s 7% 'transit fee.' Honestly, I think these sovereign nations are being a bit cowardly. When it came to fighting, it was the U.S. doing the heavy lifting, and they enjoyed low oil prices and free transit afterward. Now, Iran’s fees are clearly unreasonable, but all these countries do is issue condemnations without taking any real action. If Europe and Asia toughened up, even Iran’s speedboats and drones wouldn’t stand a chance. Plus, some countries that buy Iranian oil heavily rely on the Strait of Hormuz themselves. If they had the guts to stop buying Iranian oil, Iran probably wouldn’t be so arrogant. At least when it comes to using the Hormuz blockade to threaten the world, Iran is definitely playing dirty. This world is just one big chaotic mess. What’s there to say about Iran’s almost bandit-like behavior? The result is that one Iran has caused global inflation to rise—how ridiculous. Recently, Bitcoin has been fluctuating around $63,000. I think the key focus is still on the U.S.-Iran negotiations. If talks go smoothly, there’s a good chance for further upward movement. Or, if we can hold out until the midterm elections, there’s also potential for a decent rebound. As long as there aren’t any major macroeconomic surprises, I still believe Bitcoin’s purchasing power around $60,000 is very strong. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all in one platform!