Amid US-Iran tensions and sanctions limiting traditional payment methods, Iranian businesses increasingly rely on cryptocurrency for domestic and international trade. Bitcoin and other digital assets help move money across borders despite restrictions on Visa, Mastercard, and SWIFT access. While crypto facilitates payments, it cannot fully replace legal and trust frameworks needed for formal trade, especially with countries like Russia. The surge in crypto use is also linked to Iran's cheap electricity fueling Bitcoin mining, though this has caused power shortages. Recent military tensions near the Strait of Hormuz have pushed oil prices higher, underscoring the complex economic challenges Iran faces.
Coinbase analysts have a neutral outlook on Bitcoin for Q3 2026, noting it is transitioning from a corrective phase to accumulation but facing macroeconomic and geopolitical risks. Bitcoin has recovered from a yearly low but struggles to reclaim key ...
Crude oil prices surged to $89.31 per barrel, marking a 55% gain year-to-date and reaching levels not seen since May. This rise is fueled by ongoing geopolitical tensions, particularly involving Iran and the Houthis, suggesting prolonged market volat...
Brent and WTI crude oil futures fell sharply on Friday following reports that Pakistan is facilitating U.S.-Iran talks, prompting profit-taking after a strong five-day rally driven by Middle East supply risks. Despite the dip, both contracts remain n...
Lockheed Martin reported a strong quarter with 7% underlying sales growth and a record $230 billion backlog, leading to raised guidance. The Missiles & Fire Control segment drives growth through new multi-year contracts, though margin expansion remai...
XRP price remains under pressure near $1.09, trading below key moving averages and showing bearish technical signals like a low RSI. Despite this, Ripple is expanding its institutional offerings with the new Ripple Mint platform and growing stablecoi...
