🚨 Breaking: Iran Approves Move to Close Strait of Hormuz — Global Markets on Edge 🌍🛢️
According to reports, Iran’s parliament has greenlit a motion to close the Strait of Hormuz, the vital passage through which nearly 20% of the world’s oil supply flows. Although the final decision awaits approval from the country’s top security council, the mere prospect is already sending shockwaves across the global economy. ⚠️
A closure would likely skyrocket oil prices, disrupt global shipping lanes, and intensify inflation worldwide. Financial markets could face immediate pressure, and nations dependent on oil imports may suffer severe economic consequences. 💸⛽
This escalation could also spill into the crypto market, adding volatility as traders hedge risk and liquidity tightens. Bitcoin and stablecoins may benefit from safe-haven flows, while altcoins face potential downside.
Brace yourselves, guys. 😱
$BNB $TRUMP $PEPE