🇮🇷 Iranian Parliament approves closure of the Strait of Ho | Arletha Loos y4xX on Binance Square

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🇮🇷 Iranian Parliament approves closure of the Strait of Hormuz in response to US strikes
Roughly 20% of the world's oil supply passes through this strategic waterway.#IsraelIranConflict $BTC 

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🇺🇸🇨🇳 US calls on China to stop Iran from closing Strait of Hormuz and disrupting global oil flows. The US has indeed called on China to urge Iran not to close the Strait of Hormuz, a vital waterway for global oil flows. Why the Strait of Hormuz matters: The strait is a critical passage for international oil trade, with around 20% of the world's petroleum liquids consumption passing through it daily. Any disruption would significantly impact global energy prices and economies. US Secretary of State Marco Rubio expressed concerns that Iran's potential closure of the strait would be "economic suicide" for them and have far-reaching consequences for the global economy. He urged China, Iran's largest oil customer, to use its influence to dissuade Iran from taking such action. As Iran's largest trading partner and oil customer, China has significant leverage over Iran's economy. The US is counting on China to bring its economic weight to bear on Iran to prevent a disruption to oil flows. Closing the strait would not only harm Iran's economy but also have a significant impact on global oil prices, potentially exceeding $100 per barrel. This could lead to increased inflation, economic instability, and even a global economic downturn. Iran's parliament has approved a measure to close the Strait of Hormuz in response to US strikes on its nuclear sites. However, experts believe that Iran may not actually follow through on this threat, as it would ultimately harm its own economy. The international community, including the US and China, is working to prevent a disruption to oil flows and maintain stability in the region. Diplomatic efforts are underway to de-escalate tensions and avoid a wider conflict.#IsraelIranConflict $BTC

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🇺🇸🇮🇷 Secretary of State Marco Rubio issues warning to Iran over threats to close the Strait of Hormuz and disrupt global oil transport. "If they do that, it will be another terrible mistake. It's economic suicide for them if they do it, and we retain

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$875,000,000 liquidated from the crypto market in the past 24 hours. Bitcoin falls under $99,000. Bitcoin's recent price drop has indeed triggered significant liquidations in the crypto market. The crypto market saw approximately $948 million in liquidations over the past 24 hours, with Bitcoin's price dropping below $100,000. This liquidation amount is close to the reported $875 billion figure, considering market volatility. Bitcoin is currently trading at $99,453.04, representing a 3.95% decline. The price drop is largely attributed to heightened geopolitical tensions, particularly Iran's threat to close the Strait of Hormuz. The potential closure of the Strait of Hormuz could disrupt global oil supplies, leading to increased inflation and economic uncertainty. This scenario often prompts investors to seek safe-haven assets, affecting crypto prices. Ethereum and XRP have also been affected, with Ethereum dropping 4% under $2,200 and XRP falling below $2 for the first time since April. Given the current market conditions, traders are advised to monitor key developments, including: The final vote on Iran's proposal to close the Strait of Hormuz Potential breaks above $100/barrel and their impact on inflation Comments on rate policy in response to energy shocks and their implications for crypto markets$BTC #IsraelIranConflict

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Iran's Revolutionary Guards Navy Commander, Brigadier General Tangsiri, has warned that the Strait of Hormuz will be closed to American and European ships in a few hours. Iran's Revolutionary Guards Navy Commander, Brigadier General Alireza Tangsiri, has indeed warned that the Strait of Hormuz will be closed to American and European ships. This statement comes amid heightened tensions in the Middle East following the US attack on Iran's nuclear sites. The Strait of Hormuz is a vital waterway connecting the Persian Gulf to the Arabian Sea, carrying nearly 20% of the global oil supply. Any disruption to this route could significantly impact global oil prices and economies. Closing the Strait could lead to: Oil prices might rise, affecting global economies and inflation rates. Trade between countries relying on this route could be severely impacted. India's GDP might suffer by 0.5% due to increased oil prices and inflation. Tangsiri has previously threatened to close the Strait of Hormuz in response to US sanctions targeting Iran's oil industry. As the commander of the IRGC Navy, Tangsiri has been vocal about Iran's readiness to confront any enemy and has openly threatened US and international ships in the Persian Gulf. It's worth noting that while Iran has threatened to close the Strait before, it has never actually done so, likely due to its own reliance on exports from oil-producing nations.#IsraelIranConflict $BTC

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