Saudi Crown Prince Mohammed bin Salman has urged Donald Trump to avoid further military escalation against Iran, a diplomatic intervention that follows a pressure campaign initiated in January 2026. The Strait of Hormuz, through which approximately one-fifth of global oil production transits, represents the central strategic point of this conflict. In June 2026, Iran began accepting Bitcoin as payment for Strait of Hormuz transit fees, introducing potentially durable structural demand. Bitcoin experienced significant volatility throughout this conflict, with an initial sell-off followed by an 18% rally when diplomatic signals suggested de-escalation. Oil prices remain the most immediate transmission mechanism, and any disruption to the strait reverberates through inflation expectations and the macroeconomic environment in which risk assets operate.
Source: Read the original article
