U.S. President Donald Trump has announced that the United States will deploy warships alongside “many countries” to ensure the Strait of Hormuz remains open. Following the announcement, Bitcoin jumped, as investors anticipate that the move could help ease rising oil prices.
Trump Confirms U.S. Warship Deployment, Bitcoin Surges
In a Truth Social post�, Trump said that nations affected by Iran’s attempts to close the Hormuz Strait would send their warships to work with the U.S., keeping the strategic oil passage safe and operational.
- “We have already destroyed 100% of Iran’s military capability, but it’s easy for them to send a drone or two, drop a mine, or deliver a close-range missile somewhere along, or in, this waterway, no matter how badly defeated they are,” Trump added.
After Trump’s remarks, Bitcoin climbed to nearly $71,000, though it later pulled back slightly to around $70,000, according to TradingView data.
Trump did not specify which countries would join the U.S., but he mentioned that China, France, Japan, South Korea, and the UK could participate in protecting the Hormuz Strait, which remains a critical chokepoint for global oil supply.
The move is expected to stabilize volatile oil prices, which have been influencing Bitcoin and the broader crypto market. Meanwhile, Trump warned that the U.S. would continue to take aggressive measures in the area, including targeting Iranian vessels along the shoreline.
Earlier today, the U.S. reportedly conducted strikes on Iran’s Kharg Island�. In response, Iran vowed to use upgraded weapons, which contributed to the crypto market’s short-term volatility.
Israel and Lebanon Prepare Direct Talks
According to a Times of Israel report�, Israel and Lebanon are set to hold direct talks in the coming days to resolve ongoing conflicts. Discussions are expected to take place in Paris or Cyprus, with U.S. Envoy Jared Kushner participating.
This development is seen as a positive signal for Bitcoin and the broader crypto market. The announcement follows remarks by French President Emmanuel Macron, who confirmed that Lebanon is willing to engage in direct talks with Israel, with France offering to facilitate and host discussions in Paris.
- “Israel must seize this opportunity, open negotiations, and bring about a ceasefire, find a sustainable solution, and enable the Lebanese authorities to fulfill their commitments for the sake of Lebanon’s sovereignty,” Macron said.
