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BTCC / BTCC Square / Global Cryptocurrency /
Oil Prices Plummet as Iran Avoids Energy Infrastructure in Retaliatory Strikes

Oil Prices Plummet as Iran Avoids Energy Infrastructure in Retaliatory Strikes

Author:
Global Cryptocurrency
Published:
2025-06-23 18:58:01
6
3
BTCCSquare news:

Crude markets witnessed a dramatic reversal as Brent crude tumbled 6% to $71.11/barrel, erasing gains sparked by Middle East tensions. The selloff accelerated after Iran's precision strikes on US military bases conspicuously avoided oil infrastructure - a calculated de-escalation that reassured traders.

The market's relief reflects Tehran's strategic restraint, mirroring its 2020 playbook when similar base-targeting strikes caused temporary volatility without disrupting supplies. "This was a well-telegraphed MOVE to respond without weaponizing oil," noted Michael Alfaro of Gallo Partners, emphasizing the market remains adequately supplied despite geopolitical friction.

|Square

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