Trump declares he will "attack Iran extremely hard" in the next 2-3 weeks, oil prices surge past $105/barrel, Bitcoin falls to $66,200 🛢️ US President Donald Trump addressed the nation last night (April 1st, US time), saying that the US military is "very close" to completing Operation "Epic Fury" in Iran. He declared that he has destroyed Iran's nuclear and naval capabilities and will attack even harder in the next 2-3 weeks. 📉 Immediately after Trump's speech, Bitcoin fell by about 2%, dropping to around $66,200. WTI crude oil surged above $105/barrel. This price has increased by about 60% since the US-Iran conflict erupted in February 2026. ⛽ The core issue lies in the Strait of Hormuz. Iran has blockaded this busiest oil shipping lane in the world in retaliation for airstrikes from the US and Israel. With oil not flowing through, global energy prices are driven up, leading to increases in gasoline, transportation, and other goods. 💬 Trump said that when the conflict ends, the strait will "reopen itself" because Iran needs to sell oil to rebuild its economy. He also promised that gasoline prices would fall quickly and the stock market would recover. However, the two sides are still negotiating with very different demands. The US wants Iran to dismantle its nuclear program, reopen the shipping lane, and stop supporting armed groups in the region. Iran, on the other hand, demands a permanent end to the war, reparations for damages, and the withdrawal of US troops from the region.