Trump Sanctions Target Iranian Oil Buyers: Impact on Markets

Former US President Donald Trump has announced a major shift in US policy regarding Iranian oil purchases, threatening sanctions for anyone engaging with the country’s energy sector. This bold move immediately spiked global crude oil prices and raises concerns about potential market volatility, particularly in the cryptocurrency world. 📈. Trump’s statement was delivered via Truth Social, causing a ripple effect across financial markets. Immediate price hikes were observed, reflecting a familiar pattern when similar sanctions were previously enacted. Oil prices surged as a direct result of this announcement. 🛢️