US-Iran War Pushes Oil Reserves to 43-Year Low, Smart Money Turning to Bitcoin?
The U.S. Strategic Petroleum Reserve fell to 311 million barrels, its lowest since March 1983, after a weekly drop of 5.1 million barrels, driven by the U.S.-Iran conflict. Brent crude briefly hit $91.40 per barrel, and gas prices rose above $4 per gallon. Bitcoin traded near $65,800, with a market cap of $1.27 trillion, as macro pressures from the conflict affected risk assets.
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