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XLM rises 7% as US delays Strait of Hormuz action, easing geopolitical tensions.

Market News
23 Mar 2026
CryptoTicker
View Source
Bullish
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Stellar's XLM price surged 7% after US President Trump extended the deadline for Iran to reopen the Strait of Hormuz, delaying military action and allowing more time for negotiations. This move eased fears of a global energy shock, boosting investor confidence in high-utility crypto assets like XLM. Trading volume spiked, confirming increased buying interest. Investors should watch for further diplomatic developments and oil price trends, as these will impact XLM's next price moves.

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