#MarketPullback
🚨 Urgent: Iran Closes the Strait of Hormuz Following American Strikes 🇮🇷🇺🇸
In a significant escalation, Iran has announced the closure of the Strait of Hormuz, a vital corridor through which about 20% of global oil supplies pass. This move comes as a direct response to American military action and has shocked global markets.
📉 Market Impact:
• The price of Bitcoin has fallen below $100,000, quickly reacting to geopolitical tensions and a growing risk-off sentiment.
• Oil prices are expected to rise, exacerbating inflation fears.
• Global stocks and cryptocurrencies may remain volatile with developments in the situation.
As tensions rise and the possibility of further escalation looms, markets are now on high alert. Expect high volatility - risk management is crucial.