The$BTC price rising hopes seem to vanish every day that passes #
In reaction to U.S. strikes, Iran will block an essential oil conduit by closing the Strait of Hormuz. This route carries almost 20% of the world's oil supplies.
The Global oil transportation depends heavily on the Strait of Hormuz. Every day, between 20–30% of the oil consumed worldwide travels across this strait.
The United States is viewed as being provoked by this move because it affects the oil supply and produces major shocks to the oil market, closing this strait is crucial. Large oil-importing nations will be particularly affected.
Iran declared that it is prepared for a conflict that will last for at least six months. Many crypto enthusiasts are cry on market bull backs after only one month of fighting but jus think of six months #IsraelIranConflict #MarketPullback #Write2Earn