Brent Crude Blasts Through $112! U.S.-Iran Talks Collapse — BTC Clings to $77K as It Waits for Powell's "Final Command" In the early hours today, Iran's conditional proposal to reopen the Strait of Hormuz was flatly rejected by the U.S. Brent crude surged to $112.70, a new high since April 7, and WTI also broke above the $100 mark. The strait blockade has entered its third week, with nearly 20% of global crude supply still disrupted. This is a double-edged sword for the crypto market: sky-high oil prices are fueling inflation expectations — U.S. March CPI already hit 3.3%, and energy commodities spiked 10.9% month-over-month — effectively squeezing the probability of a Fed rate cut this year down to zero. And right now, Powell is presiding over his final FOMC meeting. CME data shows a 100% probability of rates staying unchanged, but what the market is really watching isn't the rate decision — it's the details on when the balance sheet runoff ends. 💬 Oil is surging, inflation is burning, the Fed is watching — and BTC is waiting for direction. What do you think Powell says tomorrow? A. Hawkish, keep grinding B. Dovish signal released C. Says nothing and kicks the can