US strikes Qeshm Island as crypto markets shrug off Strait of Hormuz tensions

The US is launching additional strikes on Iran, including targets on Qeshm Island, following threats of a blockade in the Strait of Hormuz. While these escalating tensions could disrupt global oil supplies and potentially increase demand for stablecoins, crypto markets have largely shrugged off the developments. US officials confirmed the ongoing military actions as the geopolitical situation intensifies, creating a complex dynamic between international security, energy markets, and the broader digital asset ecosystem.