Robinhood, Coinbase lead crypto stock rout as Trump rejects Iran plan
President Trump reportedly rejected Iran's offer to end the U.S. blockade and open the Strait of Hormuz, sending crude oil prices surging 6%.
The rejection of Iran's offer is likely to lead to increased geopolitical tensions, resulting in higher crude oil prices. This may negatively impact crypto stocks like Robinhood and Coinbase as investors seek safer assets.
President Trump reportedly rejected Iran's offer to end the U.S. blockade and open the Strait of Hormuz, sending crude oil prices surging 6%.
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