Global Markets Shift Focus to Rising Capital Costs as Middle East Tensions Ease; Hormuz Strait Exports Recover to 85%

According to Bitunix analysts reported by BlockBeats on June 24, global markets are shifting focus from Middle East geopolitical risks to rising capital costs and funding conditions. The Strait of Hormuz is entering a recovery phase with UAE crude oil exports restored to approximately 85% of pre-conflict levels, and oil tankers have resumed loading operations in the Gulf. U.S. June manufacturing data came in better than expected, though factory employment fell to a six-year low.

Market attention has refocused on Federal Reserve policy, with recent signals pointing toward sustained higher interest rates or potential further rate increases rather than near-term cuts. With U.S. Treasury yields holding elevated levels and the Fed maintaining hawkish guidance, capital may continue flowing toward U.S. dollars and fixed income assets rather than risk assets, creating fresh headwinds for cryptocurrencies as market focus shifts from conflict risks to funding costs.