Ether Leads Crypto Selloff as US Attacks Nuclear Sites in Iran
Ether fell sharply while Bitcoin held steady after President Donald Trump said American bombers and missiles had struck Iran's three main nuclear sites.
The second-ranked token fell as much as 7.7% on Sunday morning in Asia to about $2,200, its lowest intra-day level since May 9. Bitcoin briefly dipped below $101,000 but pared losses to trade relatively evenly in the aftermath of the attacks.
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Washington Post
15 minutes ago
- Washington Post
With fateful decision, Trump gambles his presidency on war
President Donald Trump's decision Saturday to strike Iran's nuclear enrichment facilities was an extraordinary bet that he could eliminate a nuclear program that has bedeviled multiple presidents while avoiding another long-running Middle East conflict of the sort he and his supporters have long denounced. What happens next will have profound consequences for his presidency. If Iran is sufficiently weakened that it cannot meaningfully retaliate, Trump will have delivered a blow against a longtime adversary that will send a message to China, Russia and other global rivals that he will not shy from using military power when necessary.
Hamilton Spectator
18 minutes ago
- Hamilton Spectator
Nations react to US strikes on Iran with calls for diplomacy
The U.S. strike on Iran fueled fears that Israel's war with Tehran could escalate to a wider regional conflict, and other countries began reacting Sunday with calls for diplomacy and words of caution. President Donald Trump had said Thursday that he would decide within two weeks whether to get involved. In the end, it took just days to decide, and Washington inserted itself into Israel's campaign with its early Sunday attack. It remained unclear early how much damage had been inflicted, but Iran had pledged to retaliate if the U.S. joined the Israeli assault. Some have questioned whether a weakened Iran would capitulate or remain defiant and begin striking with allies at U.S. targets scattered across the Gulf region. Here is a look at reaction from governments and officials around the world. United Nations U.N. Secretary General Antonio Guterres said he was 'gravely alarmed' by the use of force by the United States. 'There is a growing risk that this conflict could rapidly get out of control – with catastrophic consequences for civilians, the region, and the world,' he said in a statement on the social media platform X. 'I call on Member States to de-escalate.' 'There is no military solution. The only path forward is diplomacy.' New Zealand New Zealand Foreign Minister Winston Peters urged 'all parties to return to talks.' He wouldn't tell reporters Sunday whether New Zealand supported President Trump's actions, saying they had only just happened. The three-time foreign minister said the crisis is 'the most serious I've ever dealt with' and that 'critical further escalation is avoided.' 'Diplomacy will deliver a more enduring resolution than further military action,' he said. China A flash commentary from China's government-run media asked whether the U.S. is repeating 'its Iraq mistake in Iran.' The online piece by CGTN, the foreign-language arm of the state broadcaster, said the U.S. strikes mark a dangerous turning point. 'History has repeatedly shown that military interventions in the Middle East often produce unintended consequences, including prolonged conflicts and regional destabilization,' it said, citing the American invasion of Iraq in 2003. It said a measured, diplomatic approach that prioritizes dialogue over military confrontation offers the best hope for stability in the Middle East. Japan Japan's Prime Minister Shigeru Ishiba is expected to hold a meeting with key ministers Sunday afternoon to discuss the impact from the U.S. attack on Iranian nuclear facilities, according to Japan's NHK television. Japan's largest-circulation newspaper Yomiuri is distributing an extra edition on the attack in Tokyo. South Korea South Korea's presidential office said it would hold an emergency meeting Sunday to discuss the security and economic ramifications of the U.S. strikes and potential South Korean responses. Australia Australia, which shuttered its embassy in Tehran and evacuated staff Friday, continued to push for a diplomatic end to the conflict. 'We have been clear that Iran's nuclear and ballistic missile program has been a threat to international peace and security,' a government official said in a written statement. 'We note the U.S. President's statement that now is the time for peace.' 'The security situation in the region is highly volatile. We continue to call for de-escalation, dialogue and diplomacy.' Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
The Hill
25 minutes ago
- The Hill
Nations react to US strikes on Iran with calls for diplomacy
The U.S. strike on Iran fueled fears that Israel's war with Tehran could escalate to a wider regional conflict, and other countries began reacting Sunday with calls for diplomacy and words of caution. President Donald Trump had said Thursday that he would decide within two weeks whether to get involved. In the end, it took just days to decide, and Washington inserted itself into Israel's campaign with its early Sunday attack. It remained unclear early how much damage had been inflicted, but Iran had pledged to retaliate if the U.S. joined the Israeli assault. Some have questioned whether a weakened Iran would capitulate or remain defiant and begin striking with allies at U.S. targets scattered across the Gulf region. Here is a look at reaction from governments and officials around the world. U.N. Secretary General Antonio Guterres said he was 'gravely alarmed' by the use of force by the United States. 'There is a growing risk that this conflict could rapidly get out of control – with catastrophic consequences for civilians, the region, and the world,' he said in a statement on the social media platform X. 'I call on Member States to de-escalate.' 'There is no military solution. The only path forward is diplomacy.' New Zealand Foreign Minister Winston Peters urged 'all parties to return to talks.' He wouldn't tell reporters Sunday whether New Zealand supported President Trump's actions, saying they had only just happened. The three-time foreign minister said the crisis is 'the most serious I've ever dealt with' and that 'critical further escalation is avoided.' 'Diplomacy will deliver a more enduring resolution than further military action,' he said. A flash commentary from China's government-run media asked whether the U.S. is repeating 'its Iraq mistake in Iran.' The online piece by CGTN, the foreign-language arm of the state broadcaster, said the U.S. strikes mark a dangerous turning point. 'History has repeatedly shown that military interventions in the Middle East often produce unintended consequences, including prolonged conflicts and regional destabilization,' it said, citing the American invasion of Iraq in 2003. It said a measured, diplomatic approach that prioritizes dialogue over military confrontation offers the best hope for stability in the Middle East. Japan's Prime Minister Shigeru Ishiba is expected to hold a meeting with key ministers Sunday afternoon to discuss the impact from the U.S. attack on Iranian nuclear facilities, according to Japan's NHK television. Japan's largest-circulation newspaper Yomiuri is distributing an extra edition on the attack in Tokyo. South Korea's presidential office said it would hold an emergency meeting Sunday to discuss the security and economic ramifications of the U.S. strikes and potential South Korean responses. Australia, which shuttered its embassy in Tehran and evacuated staff Friday, continued to push for a diplomatic end to the conflict. 'We have been clear that Iran's nuclear and ballistic missile program has been a threat to international peace and security,' a government official said in a written statement. 'We note the U.S. President's statement that now is the time for peace.' 'The security situation in the region is highly volatile. We continue to call for de-escalation, dialogue and diplomacy.'
