Closure of the Strait of Hormuz Shakes Markets, Bitcoin Prices Plummet

Iran's decision to close the Strait of Hormuz, a vital route that transports 20% of global oil supply, triggers a shock to the world economy. This move is a response to recent airstrikes targeting Iran's nuclear facilities, deepening tensions with foreign powers. The closure initially sparked a surge in oil prices, but now it has caused Bitcoin prices to plummet from a peak of 99 thousand USD, reflecting investor panic.

The situation is further complicated by threats of attacks on foreign vessels in the Red Sea by pro-Iran factions, adding to regional uncertainty. Although history shows that a complete closure of Hormuz has been avoided in the past, military forces in the region are now on high alert. The world awaits further impacts from this bold move.

(Compiled based on data until 03:40 WIB, June 23, 2025.)#BTC99K $BTC