Search results for Persian Gulf
Crypto
Iran digital insurance plan for ships in Hormuz Strait sparks controversy over authenticity
Reports say Iran is considering a digital marine insurance platform for ships passing through the Persian Gulf and the Hormuz Strait, with bitcoin and other cryptocurrencies mentioned as premium payment methods. Images of a website called Hormuz Safe circulated on social media, but its authenticity and whether the plan will be implemented remain unconfirmed and the site is now inaccessible. A local outlet reported the plan could generate more than $10 billion in income.
Crypto
Bitcoin hits highest since February on Trump ceasefire extension
Bitcoin rose above $79,000 at one point, its highest level in about 2 1/2 months, as expectations of easing Middle East tensions boosted appetite for risk assets. The rebound followed U.S. President Donald Trump’s decision to extend a ceasefire with Iran for two weeks while keeping a port blockade. U.S. stocks also gained. Analysts also cited central bank gold buying and a surge in China’s silver imports, while warning risks remain.
Mobility
Surging fuel prices boost global EV sales but U.S. supply constraints limit growth
Rising gasoline prices are lifting electric vehicle sales globally, but concerns are growing that the United States could fall behind because supply is not keeping pace. Europe set monthly records in March for EV and plug-in hybrid sales, with growth also continuing in Asia and Australia. Analysts cite high oil prices and ample Chinese EV supply as key drivers in parts of Asia. In the United States, demand indicators are improving, but fewer models and cancellations are constraining supply.
