Iran faces US ultimatum to reopen Strait of Hormuz by Saturday, and Bitcoin is already flinching

The IRGC fired a missile at a commercial cargo ship in the Strait of Hormuz, damaging the vessel and declaring the strait closed until further notice. This action defies a US ultimatum demanding public guarantees for safe passage to halt fighting. The attack occurred following negotiations in Muscat involving Iranian, Omani, and Qatari officials. Consequently, global markets face destabilization, impacting oil prices and causing Bitcoin to flinch amid heightened geopolitical tensions and maritime uncertainty.