Iran's parliament just called for the closure of the Strait of Hormuz. If it happens and holds, 20% of global oil shipments go offline. Brent could spike fast. WTI (West Texas Intermediate is the US benchmark oil price) follows. Inflation panic returns overnight.
BTC doesn’t float above this.
Oil spikes → equities drop → BTC catches downside
Oil spikes → inflation narrative → BTC joins gold
Oil spikes → BTC fakes both ways → chop fest
Or the move was already priced in, and there’s no panic left to sell. If oil doesn’t move, there’s no inflation scare. No rotation into hard assets. BTC stays range-bound, sensitive to equities and ETF sentiment.
If the strait closes and the US responds militarily, this is no longer a chart story. It becomes a positioning story. Focus on global risk flow,
If you're not sure, stay flat. In this kind of market, hesitation is cheaper than a mistake.
#StraitOfHormuz #OilPrice #iran $BTC