{"id":44213,"date":"2026-05-20T13:30:48","date_gmt":"2026-05-20T13:30:48","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=44213"},"modified":"2026-05-20T13:30:48","modified_gmt":"2026-05-20T13:30:48","slug":"whats-the-latest-with-the-us-iran-war-and-how-does-it-affect-bitcoin","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=44213","title":{"rendered":"What\u2019s The Latest With The US-Iran War And How Does It Affect Bitcoin?"},"content":{"rendered":"<p>The US-Iran war continues to linger with the two countries yet to reach a deal, and US President Donald Trump is threatening new strikes against Iran. Amid this, Iran has moved to launch a <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin-meets-geopolitics-iran-launches-crypto-insurance-for-ships-in-the-strait-of-hormuz\/\" target=\"_blank\" rel=\"noopener \">Bitcoin-backed service<\/a> as it looks to assert control over the Strait of Hormuz.\u00a0<\/p>\n<h2>U.S.-Iran War In Focus Amid Trump\u2019s Threat and New Bitcoin Service<\/h2>\n<p>According to a <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/iran-says-peace-proposal-includes-reparations-war-damage-us-troop-withdrawal-2026-05-19\/\" target=\"_blank\" rel=\"noopener nofollow\">Reuters report<\/a>, US President Donald Trump has threatened that a new US attack on Iran could happen in the coming days if both sides fail to reach a deal. This came amid his revelation that he was close to ordering a strike against Iran earlier this week before postponing following pleas from leaders of the UAE, Qatar, and Saudi Arabia. Notably, the <a href=\"https:\/\/bitcoinist.com\/iran-conflict-noise-sends-crypto-higher-but-analysts-see-limited-upside\/\" target=\"_blank\" rel=\"noopener nofollow\">US-Iran war<\/a> is now approaching the three-month mark, with a peace deal yet to be reached.\u00a0<\/p>\n<p>The major contention remains Iran\u2019s nuclear program, which the country has so far refused to give. Meanwhile, Iran had sent a revised proposal earlier in the week, which the US rejected. The proposal focused on a long-term truce in the US-Iran war and the gradual reopening of the Strait of Hormuz. The closure of this major oil chokepoint continues to impact the markets, with oil holding above $100 per barrel while Bitcoin and the broader crypto market decline.\u00a0<\/p>\n<p>Meanwhile, amid the closure of the Strait of Hormuz, <a href=\"https:\/\/bitcoinist.com\/iran-bitcoin-strait-of-hormuz\/\" target=\"_blank\" rel=\"noopener nofollow\">Iran has launched<\/a> a Bitcoin-backed insurance service for shipping in this oil chokepoint. The service called \u201cHormuz Safe\u201d aims to provide insurance policies for cargo moving through the Persian Gulf, the Strait of Hormuz, and surrounding waterways, with payments made in Bitcoin. Iran has adopted Bitcoin to evade US financial sanctions, which have heightened amid the US-Iran war.\u00a0<\/p>\n<h2>War Sending Inflation To Multi-Year Highs<\/h2>\n<p>The US-Iran war is also driving <a href=\"https:\/\/bitcoinist.com\/rising-us-inflation-on-bitcoin\/\" target=\"_blank\" rel=\"noopener nofollow\">US inflation<\/a> to multi-year highs, which is putting downside pressure on Bitcoin and the broader crypto market. US PPI inflation rose by 6% year-over-year (YoY) in April, its highest increase since December 2022. At the same time, US CPI rose by 3.8% in April, its highest increase since May 2023.\u00a0<\/p>\n<p>With inflation rising due to the US-Iran war, the market continues to price in a rate hike over a cut as the Fed\u2019s next likely move. <a href=\"https:\/\/polymarket.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Polymarket data<\/a> shows a 28% chance of a Fed rate hike this year. Meanwhile, further data from Polymarket shows a 70% chance that the Fed will make zero rate cuts this year amid inflation concerns. A <a href=\"https:\/\/bitcoinist.com\/new-fed-what-bitcoin-investors-should-expect-warsh\/\" target=\"_blank\" rel=\"noopener nofollow\">potential rate hike<\/a> is bearish for Bitcoin, as it could constrain liquidity with higher interest rates.\u00a0<\/p>\n<p>At the time of writing, the Bitcoin price is trading at around $77,000, up in the last 24 hours, according to <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a> from CoinMarketCap.<\/p>\n<p><img decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/BbUtq5Y0\/\" alt=\"Bitcoin\" width=\"2108\" height=\"1636\" loading=\"lazy\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>The US-Iran war continues to linger with the two countries yet to reach a deal, and US President Donald Trump is threatening new strikes against Iran. Amid this, Iran has moved to launch a Bitcoin-backed service as it looks to assert control over the Strait of Hormuz.\u00a0 U.S.-Iran War In Focus Amid Trump\u2019s Threat and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":44214,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-44213","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What\u2019s The Latest With The US-Iran War And How Does It Affect Bitcoin? - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=44213\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What\u2019s The Latest With The US-Iran War And How Does It Affect Bitcoin? - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"The US-Iran war continues to linger with the two countries yet to reach a deal, and US President Donald Trump is threatening new strikes against Iran. 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