#BTC
Recently, the Shahid Rajaee port, in Hormozgan province, Iran, was the site of a powerful explosion that left several dead and hundreds injured. This port is key for trade, as it is close to the city of Bandar Abbas and the northern shore of the Strait of Hormuz, where 20% to 30% of the world's oil production passes through. About 85% of Iranian goods transit through this terminal, and it is considered the most technologically advanced container terminal in Iran. An investigation is underway to determine what happened. There are suspicions of the involvement of the Zionist Israeli regime; hopefully not, otherwise, it could escalate a conflict and drive oil prices to around $300. How would the crypto market react in this scenario? No one could predict it.