CoinEx News: On July 7, the U.S. revoked temporary waivers that had allowed Iran to sell oil under a recent U.S.-Iran memorandum of understanding. Reports say about 63 million barrels of Iranian crude are now on the water or idling without clear buyers. WTI crude futures (CL) jumped over 3% shortly after the news, showing that traders quickly priced in a fresh oil-risk premium.

Higher oil prices can feed inflation pressure and keep the Fed cautious for longer. That matters for BTC and ETH because tighter rate expectations often weigh on risk assets. Traders should watch oil prices, U.S. Treasury yields, and crypto ETF flows to see whether this becomes a short-lived shock or a broader macro reset.