🚀 Tension in the Strait of Hormuz: Global Impacts on Oil, Dollar, and Cryptocurrencies
The Iranian parliament approved a preliminary motion to close the Strait of Hormuz in response to Western attacks, but the final decision will rest with the Iranian National Security Council.
Impact on oil and the dollar:
The blockade could disrupt nearly 20-25% of global oil traffic, potentially raising Brent to $120-150/barrel. This would generate strong inflationary pressure, leading investors to seek safe-haven assets like the dollar and gold.
Repercussions in the crypto market:
In recent hours, there has already been a strong rotation towards safe assets: Bitcoin fluctuated near $100K, and altcoins experienced correction, accompanied by significant liquidations — around $700 million. Analysts from Binance Square are already warning of a decline of up to 5-10% in BTC, with potential recovery if the strait remains functional.
Global scenario:
The closure would cause shocks in supply chains – transportation, insurance, and global manufacturing would suffer delays and cost inflation. However, most experts consider a lasting closure unlikely, as it would also harm Iran and provoke American military retaliation.
