Trump warns more Iran strikes; Bitcoin falls to $66,400, oil hits $103

Oil tops $100 as Trump warns of more Iran strikes. Bitcoin slips on speech headlines.

Crude bounced to $103.55 a barrel after the address, reversing early-week easing. Traders priced renewed conflict risk, pushing energy up and risk assets down during the remarks.

Bitcoin fell about 2% while Trump spoke, later seen near $66,400, tracking the shift into oil and out of crypto. The move unfolded in real time with the speech coverage and live market updates from CNN.

Trump said the US was close to completing its main military goals in Iran. He warned of more strikes in the next two to three weeks, keeping risk premium elevated despite progress talk. He claimed Iran’s nuclear, naval and drone capabilities, plus missile and weapons sites, were severely hit in the campaign.

Oil had eased earlier in the week on hopes of a quick wind‑down. The new warning flipped that, sending crude back above $100 and reviving fears of a longer conflict path in markets.

Talks continue, but positions are far apart. The US wants Iran to abandon its nuclear program, reopen shipping, and end support for proxies per the address. Reports say Tehran seeks a permanent end to the war, compensation, and a US military exit from the region per live coverage.

The Strait of Hormuz stays central. Iran blocked the waterway, a choke point for global oil flows, amplifying supply risk and energy volatility per the NYT. Trump said the blockade would end with the conflict, arguing Iran needs oil sales to rebuild, and suggested gasoline and stocks would normalize after a deal if talks succeed.