Iran closes Strait of Hormuz after warning shot hits ship, rattling oil and crypto markets

Iran has closed the Strait of Hormuz after a warning shot hit a ship, causing volatility in oil and crypto markets. The closure includes warnings against unauthorized shipping routes, increasing geopolitical tensions and threatening global economic stability. This action highlights the potential for crypto to bypass traditional financial systems while disrupting global trade dynamics. The situation emphasizes the fragility of oil markets and the evolving role of digital assets during maritime conflicts and geopolitical instability.