Bitcoin’s price remains largely unaffected by the mounting tensions in the Middle East. Recent military actions against an Iranian island have prompted former President Trump to encourage various nations to send military ships to protect oil shipments through the Strait of Hormuz. France has swiftly responded, deploying ten warships to the region.

France Dispatches Warships

CryptoPotato reported that the U.S. military conducted targeted strikes on Kharg Island in Iran, described by Trump as “the most powerful bombing raids in Middle East history.” The strikes were carefully aimed to avoid damaging oil infrastructure, although the U.S. may escalate to such actions if Iranian interference occurs.

Shortly thereafter, Trump called on several countries, including China, Japan, and UK, to contribute warships for the security of the Strait. Just moments ago, France confirmed it would send ten warships to support this initiative, while the UK stated it would not deploy any aircraft carriers.

Moreover, reports have emerged indicating that Russia has become the first country to offer aid to Iran since the conflict began, providing 13 tons of medical supplies.

Ongoing Peace Negotiations

While Oman has been striving to mediate a peace agreement between the U.S. and Iran, their efforts have hit a dead end as reports disclose that Trump has rejected proposals for dialogue. Senior officials from Trump’s administration communicated that the focus remains squarely on prosecuting the war.

BREAKING: Oman has reached out to the US in attempts to negotiate a peace deal with Iran, but Trump declined this opportunity, according to Reuters.

As a result, Bitcoin continues to inch along just above $70,000, remaining relatively stable in the face of these geopolitical developments.