Trump Proposes Temporary Federal Gas Tax Suspension Amid Iran War Fuel Prices

Bitcoin

Higher fuel costs from the Iran‑related supply shock feed into energy‑linked inflation across Europe, nudging the Bank of England and other major banks toward a more hawkish stance. In crypto, rising real‑rate expectations historically depress risk‑on assets while bolstering Bitcoin as a non‑sovereign hedge, especially when BTC dominance is already elevated.

UK inflation rate rose to 3.3% in March, driven by higher fuel prices linked to the Iran war.