Trump's Iran Threat and Inflation Risks Send Oil Prices Soaring

On June 11, 2026, US President Trump's threat to take control of Iran's Kharg Island, a key oil export hub, escalated tensions in the global market. The move raised concerns about potential supply disruptions and further increased oil prices, which already hovered near $92 per barrel.

The same day, the US reported a 6.5% annual rise in the Producer Price Index (PPI), signaling persistent inflation pressures. This development had mixed signals for stocks and cryptocurrencies like BTC, as investors faced both inflation concerns and geopolitical uncertainty.

Bitcoin ETFs have seen significant outflows, totaling about $1.7 billion in the past week and over $5.4 billion in the last month, amid institutional de-risking due to inflation, interest rate worries, and geopolitical tensions. This shift has led investors to move towards alternative cryptocurrencies like XRP and other altcoins.