Bitcoin Dips, Oil Rises Amid Trump's Address on Iran War

Apr 02, 2026 02:53 UTC

CL=F, BTC-USD, ^VIX

Immediate term

US President Donald Trump's speech on the conflict in Iran saw oil prices rise and Bitcoin fall as he outlined the military's progress and potential resolution to the war.

Trump's speech indicated the US military is nearing the end of the war in Iran.
Crude oil prices rose above $100 a barrel following the address.
Bitcoin fell 2% as the speech unfolded.
The conflict has affected energy markets and crypto prices for months.
Trump outlined potential terms for a resolution, with both sides making key demands.
The president predicted stock market recovery and falling gas prices post-conflict.

US President Donald Trump's national address on the war in Iran triggered market movements, with crude oil prices rising and Bitcoin dipping. During the speech, Trump claimed the US military is 'very close' to concluding 'Operation Epic Fury,' asserting that Iran's nuclear and naval capabilities have been significantly weakened. Crude oil prices surged to over $100 a barrel, reaching $103.59, while Bitcoin fell by 2% to $66,904. The conflict, which intensified in February following strikes by the US and Israel, has had a lasting impact on energy markets and cryptocurrencies. Trump also outlined potential terms for a resolution, with the US demanding Iran dismantle its nuclear programs and open shipping channels, while Iran seeks a permanent end to the war and an end to US military presence. The president predicted that as the conflict winds down, stock prices will rebound and gas prices will drop, citing Iran's need to resume oil exports for economic recovery.