Iran closes Strait of Hormuz in response to US attacks, sending oil and crypto markets into turmoil

Iran closed the Strait of Hormuz following US attacks, causing turmoil in oil and crypto markets. This move, alongside US inflation hitting a three-year high, left Bitcoin fragile at $62K. The closure may lead to prolonged energy market instability and accelerate the adoption of crypto as geopolitical infrastructure. Escalating Middle East tensions and continued military strikes are further pressuring fragile crypto markets, reflecting the direct impact of geopolitical conflict on global financial assets.