Trump Reportedly Halts Planned Attacks on Iran: How Will BTC React?
Following a few weeks of escalations, new threats, and strikes, United States President Donald Trump has reportedly ordered its military to stand down instead of carrying out the planned attacks for tonight.
The crypto focus is back on bitcoin, which has typically shown a positive reaction to similar developments. However, the actual impact might be felt after at least 24 hours.
As reported by Axios, the reason for tonightโs withdrawal from new military action is the recently resumed talks on the Strait of Hormuz.
Large media sites suggested yesterday that Oman has initiated talks with Iran to reopen the key Strait, and some sources claimed that major progress has been made over the past day. It appears Trump wants to see how it resolves before deciding whether or not the US will continue with its attacks.
BREAKING: President Trump ordered the US Military to not carry out planned strikes on Iran Friday night, despite previously approving the strikes, per Axios.
This came just hours after talks mediated by Oman over reopening the Strait of Hormuz reportedly resumed.
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