{"id":75966,"date":"2026-03-12T03:01:32","date_gmt":"2026-03-12T03:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=75966"},"modified":"2026-03-12T03:01:32","modified_gmt":"2026-03-12T03:01:32","slug":"iran-set-to-deploy-mines-oil-hits-highs-what-it-means-for-bitcoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=75966","title":{"rendered":"Iran Set To Deploy Mines, Oil Hits Highs \u2014 What It Means For Bitcoin"},"content":{"rendered":"
\n

A White House official\u2019s deleted social media post briefly pushed oil prices lower \u2014 only for them to snap back hard after US intelligence detected signs that Iran was moving to mine the Strait of Hormuz<\/a>, the narrow waterway that carries roughly one-fifth of the world\u2019s daily oil supply.<\/p>\n

A Deleted Post And A Market Whipsaw<\/h2>\n

US Energy Secretary Chris Wright posted on social media that the US Navy had escorted an oil tanker safely through the Strait, a claim that briefly calmed markets and sent crude prices lower.<\/p>\n

White House Press Secretary Karoline Leavitt then confirmed the post was false<\/a>. Wright deleted it. Oil shot back up.<\/p>\n

The episode rattled an already jittery market and drew a sharp rebuke from Iran\u2019s Foreign Minister Abbas Araghchi, who accused Washington of deliberately spreading false information to manipulate oil prices.<\/p>\n

\n\u201cIt won\u2019t protect them from the inflationary tsunami they\u2019ve imposed on Americans,\u201d Araghchi said.\n<\/p><\/blockquote>\n

The intelligence that triggered the price surge came from CBS White House Correspondent Jennifer Jacobs, who reported that US intelligence assets had picked up signs of Iranian mine deployment activity in the Strait.<\/p>\n

Brent crude climbed above $90 a barrel after dipping to an intraday low of around $82. West Texas Intermediate, the US benchmark, rose above $80<\/a> after touching $77 earlier in the session.<\/p>\n

Both were still down significantly on the day, but the speed of the recovery underscored how sensitive traders are to any supply threat at this chokepoint.<\/p>\n

<\/p>\n

Trump Warns Of Unprecedented Military Response Vs. Iran<\/h2>\n

US President Donald Trump escalated the standoff in a Truth Social post, ordering Iran to remove any mines placed in the Strait without delay.<\/p>\n

\u201cIf, on the other hand, they remove what may have been placed, it will be a giant step in the right direction,\u201d Trump wrote. He warned that failure to comply would bring military consequences at a level, in his words, \u201cnever seen before.\u201d<\/p>\n

The warning came a day after Trump had already drawn a hard line on the waterway, pledging a response \u201ctwenty times harder\u201d if Iran moved to disrupt shipping there.<\/p>\n

\"\"<\/p>\n

Iran\u2019s foreign minister pushed back, claiming markets were not fully accounting for the scale of the potential supply shock.<\/p>\n

\u201cMarkets are facing the biggest shortfall in history \u2014 bigger than the Arab Oil Embargo, Iran\u2019s Islamic Revolution, and the Kuwait invasion combined,\u201d Araghchi wrote.<\/p>\n

Data from Bloomberg showed Hormuz traffic had effectively ground to a halt, with only Iran-linked vessels still passing through. Tehran has ruled out any negotiations with Washington, even as Trump said talks remained a possibility.<\/p>\n

Bitcoin Slips Below $70,000 On Geopolitical Jitters<\/p>\n

The turmoil in oil markets spilled into crypto. Bitcoin<\/a> dropped below $70,000 after news of the mine deployment threat broke, pulling back from earlier gains that had kept BTC trading above that psychological level.<\/p>\n

At the time of reporting, the coin was hovering around $69,200 \u2014 still up modestly on the day but well off its early March high of $73,000.<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A White House official\u2019s deleted social media post briefly pushed oil prices lower \u2014 only for them to snap back hard after US intelligence detected signs that Iran was moving to mine the Strait of Hormuz, the narrow waterway that carries roughly one-fifth of the world\u2019s daily oil supply. A Deleted Post And A Market […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-75966","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/75966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75966"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/75966\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}