Analyst: With mounting political and economic costs, the United States will be the first to make concessions
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Golden Ten Data reported on April 24 that the Commonwealth Bank of Australia (CBA) stated in a report released on Friday: "The longer the Strait of Hormuz remains closed, the greater the economic losses will be—which may force one party to make concessions." Before the outbreak of war, around 20 million barrels of oil and petroleum products were transported through the strait daily. Analysts wrote: "We believe that, as political and economic costs continue to accumulate, the United States will be the first to make concessions. However, there remains a risk of large-scale military conflict, which would significantly push up the US dollar exchange rate."
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Silver Pony grants 9,000,000 stock options at $0.20 per share
Reuters•2026/08/28 01:14
10-Yr Benchmark Govt Yields - Germany vs Other Nations
Dow Jones•2026/08/28 01:10
10-Yr Benchmark Govt Yields - U.S. vs Other Nations
Dow Jones•2026/08/28 01:10
2-Yr Benchmark Govt Yields - Germany vs Other Nations
Dow Jones•2026/08/28 01:10
Crypto prices
MoreBitcoin
BTC
$80,770.13
+2.66%
Ethereum
ETH
$2,522.57
+1.35%
Tether USDt
USDT
$1
+0.01%
BNB
BNB
$714.44
+1.64%
XRP
XRP
$1.46
+3.81%
USDC
USDC
$0.9999
-0.01%
Solana
SOL
$109.12
+8.36%
TRON
TRX
$0.3389
+1.05%
Hyperliquid
HYPE
$84.26
+3.61%
Dogecoin
DOGE
$0.08936
+3.46%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now