Iran vows to keep Strait of Hormuz closed after US strikes, and crypto markets barely flinch

Tensions between the US and Iran have escalated following US airstrikes, leading Tehran to threaten a blockade of the Strait of Hormuz. Such a closure could severely disrupt global oil supplies, potentially triggering economic instability, rising inflation, and affecting central bank policies. While these geopolitical developments risk creating volatility across various financial markets, crypto markets have remained largely stable and barely flinched despite the ongoing threats and the potential for broader global economic disruption.