Oil shock: Strait of Hormuz.
Iran announces that no drop of oil will leave the Strait of Hormuz.
Indeed, this maritime passage is one of the most vital energy arteries on the planet. A major share of the world's oil transits through here every day. If this corridor actually closes, the energy shock could shake the entire global economy.
When energy becomes a geopolitical weapon, markets enter a zone of turbulence.
Also, investors then turn to assets that do not depend on maritime routes or borders.
Thus, the Cryptos to watch in this context are Bitcoin$BTC and Ethereum$ETH , often sought after as alternatives when traditional markets become unstable.
BTC
74,430.92
+2.00%
ETH
2,335.94
+6.12%