US Revokes Iran Oil License: $1T Market Selloff
US revokes Iran's oil export license wiping $1 trillion from Nasdaq, S&P 500, gold, silver and crypto in 30 minutes with Bitcoin hit.
SourceAnalysis
The US decision to revoke Iran's oil export license triggered an immediate market rout that erased $1 trillion across equities, precious metals and crypto within 30 minutes. Gold fell 1.33 percent and shed $372 billion in market cap while silver dropped 2.67 percent for an $85 billion loss. Nasdaq plunged 1.87 percent erasing $486 billion, the S&P 500 slipped 0.46 percent and lost $313 billion, and crypto including Bitcoin declined $27 billion amid the broader crypto market crash.
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