News<\/a> asked the White House what Trump meant by his use of the word \u201ccivilization,\u201d spokesperson Anna Kelly responded: \u201cRefer to the TRUTH.\u201d Republican Congressman Mike Lawler offered a more limited interpretation, saying the president would target only Iran\u2019s \u201cenergy infrastructure and civilian infrastructure, including roads and bridges.\u201d<\/p>\n <\/p>\n
The Strait, Oil, and the Crypto Market<\/h2>\n
The conflict\u2019s financial stakes are significant. As crypto.news reported, Bitcoin pulled back below $69,000 and major altcoins slipped one to two percent on Monday after Trump confirmed that Iran\u2019s diplomatic proposal was \u201cnot good enough,\u201d erasing gains made on ceasefire optimism. The crypto market cap briefly crossed $2.47 trillion on peace hopes before retreating sharply.<\/p>\n
Oil is the transmission mechanism. The Strait of Hormuz closure has kept crude above $100 for weeks. Any escalation in strikes tonight would likely send oil prices higher, compressing Federal Reserve flexibility on rate cuts and adding fresh pressure to risk assets. Conversely, a last-minute deal could trigger a sharp relief rally across crypto, equities, and commodities simultaneously.<\/p>\n
Iran\u2019s Response<\/h2>\n
Iranian officials have maintained a defiant posture. Foreign Ministry spokesman Esmail Baqaei told reporters: \u201cIranians are not going to be subdued by such deadlines in defending their country.\u201d The IRGC warned that any repeated strikes on non-civilian targets would be met with retaliation \u201cfar more forcefully and on a much wider scale.\u201d<\/p>\n
As crypto.news noted in its earlier coverage of this conflict, each round of escalation has weighed directly on Bitcoin and broader risk assets, with oil prices serving as the primary transmission channel between the war and global markets.<\/p>\n
Tonight\u2019s 8 PM ET deadline is the most consequential inflection point the US-Iran conflict has reached.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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