Haven’t talked about oil in a while because I feel like everything that needed to be said has already been said. There’s not much left to add. I can’t just keep repeating why oil prices won’t hit $150 or $200, right? It’s like how there will always be people wanting to buy Bitcoin at a cheaper price. When it drops to $60,000, there will always be someone thinking it’ll go down to $40,000. No matter how much you explain, those who don’t want to listen simply won’t. Oil prices don’t just affect one country’s livelihood—they’re a global issue that almost every country faces together. If the Strait of Hormuz gets blocked, it’s not just the U.S. that suffers; countries as far away as Asia will also feel the impact. Iran has officially acknowledged meeting with the U.S. again and has even laid out conditions, while Trump has hinted that the chances of reaching an agreement this time are pretty high. At this point in the conflict, there’s not much point in being stubborn. Both sides have paid a huge price. Even Trump is eager to resolve the high oil price issue before the midterm elections. Meanwhile, the blockade of Iranian ports has created significant internal pressure in Iran. Even in a theocracy, people still need to eat. It’s not just oil prices—Bitcoin’s price could also be influenced by the Chinese leader’s visit to the U.S. Many believe that this visit isn’t primarily about trade negotiations but rather about resolving issues between the U.S. and China, the U.S. and Iran, and even Russia. Especially regarding Iran, China is now seen as one of the few countries capable of persuading Iran to reopen the Strait of Hormuz. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all in one place for trading.