๐จ BREAKING: Iran Moves to Close Strait of Hormuz Following U.S. Strikes ๐ฎ๐ท๐บ๐ธ
In a major escalation, Iran has announced the closure of the Strait of Hormuz, a critical chokepoint through which ~20% of global oil supply flows. This move comes in direct response to U.S. military action and has sent shockwaves through global markets.
๐ Market Impact:
โข $BTC broke below $100,000, reacting swiftly to the geopolitical tension and rising risk-off sentiment.
โข Oil prices are expected to spike, increasing inflation fears.
โข Global equities and crypto may remain volatile as the situation unfolds.
With tensions rising and potential for further escalation, markets are now on extreme alert. Expect high volatility โ risk management is crucial.
