According to The Kobeissi Letter, oil prices have increased by 1.4% despite President Trump publicly denying all reports about proposing an Iran peace deal. Current market sentiment suggests that fears of heightened geopolitical conflict, such as a potential World War 3 scenario, are unfounded. The moderate climb in oil prices reflects market expectations of a possible diplomatic resolution. For crypto traders, this development indicates reduced immediate risk of macroeconomic shocks, which often trigger volatility in major cryptocurrencies like BTC and ETH. As oil prices stabilize, institutional and smart money flows into digital assets may remain steady, supporting ongoing crypto market resilience (source: The Kobeissi Letter, June 17, 2025).