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BlockBeats News, June 12th, according to Bitget data, the three major U.S. stock indexes collectively rose more than 1% due to the news of Trump's announcement to cancel the planned strike on Iran tonight. Bitcoin surged over 1% in a short period of time, now trading at $63,167. Spot gold rose by $30 in a short period, breaking through $1,830 per ounce, with a daily increase of 1.4%. WTI crude oil fell by $1 in the short term, while Brent crude oil saw its intraday decline expand to $4, now trading at $89.74 per barrel, down by 4.27%. Earlier reports stated that U.S. President Trump said, "I have called off the strike against Iran planned for tonight. The blockade at sea will remain in full effect until the agreement is completed. The time and place of the agreement signing will be announced soon."

On June 12, the Federal Reserve announced that as of the week ending June 10, the size of U.S. commercial paper has increased. In the latest week, seasonally adjusted U.S. outstanding commercial paper rose by $11.4 billion to $1.413 trillion. Meanwhile, the seasonally unadjusted outstanding commercial paper decreased by $6.9 billion to $1.466 trillion. Some analysts believe that the unadjusted data is more reliable than the seasonally adjusted figures, as the latter can be distorted by financial crises. Additionally, the unadjusted outstanding commercial paper from foreign financial institutions fell by $7.2 billion to $356 billion.

BlockBeats News, June 12th, the commander of Iran's Islamic Revolutionary Guard Corps' Quds Force stated, "On one hand, the United States talks big about agreements and negotiations, but on the other hand, it takes malicious actions with evil intentions. This clear contradiction between the words and deeds of the United States is the fundamental cause of the region's instability, which has endangered trade security, the international economy, and the security of all countries, especially the safety of the Strait of Hormuz. We warn that if the United States attempts to attack Iran again, it will face a more severe response than before. The conflict will escalate further and become more widespread, leading to a state of insecurity in the region. In light of the recent U.S. threats to target Iran's oil infrastructure, we now declare: either the oil and gas exports are open to all, or they are closed to everyone." (FXStreet)