A false message posted by a White House official on social media temporarily calmed the oil market, but soon after, U.S. intelligence detected signs of Iranian mines in the Strait of Hormuz, causing oil prices to surge. Brent crude oil prices rebounded from $82 to over $90, while WTI crude oil prices also rose from $77 to over $80. President Trump warned that if Iran does not clear any mines, the U.S. will take unprecedented military action. Geopolitical tensions also caused Bitcoin prices to fall below $70,000, but they eventually stabilized around $69,200.

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