Trump’s 20% Strait of Hormuz fee plan wipes $20 billion from crypto markets

Donald Trump has proposed a 20% toll on cargo passing through the Strait of Hormuz amid rising tensions with Iran. This proposal has led to a $20 billion loss in crypto markets, underscoring the vulnerability of digital assets to macroeconomic shifts. The plan is expected to exacerbate geopolitical instability, potentially impacting global oil trade stability and further complicating the diplomatic relations between the United States and Iran as markets react to the news.