Bitcoin (BTC) Holds $64K as Trump Threatens to Bomb Oman

Crypto News

Bitcoin (BTC) held near $64,000 during Monday’s session as Brent crude jumped 2.7% to break above $90 a barrel after President Donald Trump threatened to bomb Oman over the Strait of Hormuz. In a phone interview, Trump said the U.S. would strike Oman if it interfered with efforts to reopen the waterway, which normally carries about one-fifth of global crude oil and liquefied natural gas daily. The remarks landed as the 60-day U.S.-Iran negotiating deadline expired without a resolution, deepening uncertainty across energy markets. The waterway has seen only limited tanker traffic since fighting broke out in February, and shipping data showed how strained flows have become: only 13 vessels transited the strait over the weekend, including three on Sunday. The timing is central to Trump’s frustration: an Omani-Iranian arrangement over traffic could shape who controls access to the strait even as Washington pursues a broader agreement with Tehran. Trump later told reporters in the Oval Office that he did not think Oman had behaved well but that the situation would be handled easily, echoing a similar warning he issued at a Cabinet meeting in May. The threat drew immediate scrutiny because Oman is a longtime U.S. ally with active military cooperation; analysts noted it was the first time a sitting U.S. president had openly threatened to bomb a partner country. For digital assets, the initial read was muted, with BTC trading at $64,151.78 in the latest spot snapshot, essentially flat relative to levels seen before the headlines. Equities also took a mild hit, with the Dow down 0.3% and the S&P 500 off 0.1%. The episode underscored how a geopolitical supply shock in energy can influence the backdrop for risk assets, including altcoins, even when the digital-asset response is contained.

Beyond the immediate price move, the political fallout spread quickly on Monday. On Saturday, Iranian state media said Tehran and Muscat had settled on an arrangement governing traffic through the waterway, a sign that Oman has pursued a separate negotiating track with Iran while Washington seeks a wider deal. Iran’s Foreign Ministry called the negotiations complicated and still active, blaming unspecified outside parties for trying to interfere. Trump offered no detail on where the nuclear talks stand, beyond repeating his position that Iran cannot possess an atomic weapon. In Washington, Senator Tim Kaine said he would introduce a War Powers Resolution to block military action against Oman once the Senate returns from recess, calling the threat “deranged” in a social-media post. Kaine said the stance drains U.S. weapons stockpiles and ultimately benefits China and Russia. Oman occupies a sensitive position in the Gulf, bordering Yemen, the UAE and Saudi Arabia, and its roughly 200-year partnership with the U.S. has been a pillar of regional policy; the public warning has strained that relationship. Market observers also cautioned that official statements have not produced normalized traffic, with vessels still exposed to targeting in the waterway. Tanker flows remained severely limited, leaving shippers and importers to weigh whether diplomacy or further threats determine the next phase. The jump in Brent above $90 feeds into a broader inflation narrative that central banks watch closely; a sustained energy spike could tighten financial conditions, a channel that historically matters for speculative assets such as Bitcoin. So far, however, the crypto reaction has been limited, and BTC’s price action remains more closely tied to dollar-liquidity signals and overall risk sentiment than to crude itself. As of the latest COINOTAG market snapshot, bitcoin stood at $64,151.78, only marginally changed on the session.

The common thread is that energy shocks reach digital assets through liquidity and inflation expectations, not order flow tied to crude. COINOTAG’s market data puts BTC spot at $64,151.78, effectively flat on the headlines, implying the market sees a macro variable rather than a crypto-specific catalyst. That calculus would shift if Brent sustains its move: an extended oil spike would feed inflation and keep policy tight, a difficult backdrop for altcoins and leveraged venues such as Aave. A liquidity squeeze would also stress dollar-pegged algorithmic stablecoins, while Bitcoin remains below its all-time high. The anchor for now is the primary record — the 13-vessel weekend transit count and the Senate resolution from Tim Kaine’s office — from which any crypto-market read remains an inference rather than a direct flow signal.