According to Fox News, Iran's Supreme Leader Khamenei launched a strong verbal attack on former US President Trump following his recent Middle East visit. The heightened geopolitical tensions have led to an increase in oil price volatility, which historically correlates with increased volatility in the cryptocurrency market, especially for Bitcoin and Ethereum, as traders seek alternative assets amid uncertainty (Source: Fox News, May 17, 2025). Crypto traders should monitor potential market swings and increased trading volumes linked to geopolitical risks.

According to The White House, the latest meeting between US and Saudi Arabian officials signals renewed cooperation, which is expected to influence global oil prices and subsequently impact oil-backed cryptocurrencies and overall crypto market volatility. Traders should monitor related oil token movements and macroeconomic trends linked to US-Saudi relations, as confirmed by The White House's May 13, 2025 announcement (source: The White House Twitter).