Iran reportedly halted ships transiting the Strait of Hormuz, sending oil prices higher and injecting fresh uncertainty into global markets. The narrow waterway between Iran and Oman handles roughly 20% of the world’s daily oil consumption, with tankers carrying crude from Saudi Arabia, Iraq, Kuwait, and the UAE. Past incidents involving Iranian seizures of tankers or confrontations with naval vessels have reliably produced sharp jumps in Brent and WTI crude benchmarks. Crypto investors are watching three key factors: the duration of the disruption, inflation expectations, and how Bitcoin behaves relative to gold as a traditional safe haven.
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