Bitcoin ($BTC), which surged on Friday following Iran’s reopening of the Strait of Hormuz, climbed above $78,000. But this boom, however, was a short-lived rise for . The US did not lift the blockade despite opening of the Strait of Hormuz, and in response, Iran attacked a US merchant ship that was on fire with Bitcoin. As a result, Bitcoin …
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Iran declares Strait of Hormuz fully open Bitcoin flirts with $77K
The Strait of Hormuz has been fully reopened to commercial shipping as the ceasefire between Israel and Lebanon continues, with ships required to follow a route set by Iranian authorities, Foreign Minister Seyed Abbas Araghchi said in he released ‘the Friday statement that is necessary for me to continue this ongoing cease-fire. Keeping in line with the ceasefire in Lebanon, …
Read More »What Would Happen If Iran Closed the Strait of Hormuz? The Data Shows Only One Thing
The new tensions in the Middle East are at a key stage for global energy markets that has hit. Reuters reported that Iran has begun to notify ships that it closed the Strait of Hormuz. Over 20 million barrels of oil per day (about 20% of global supply) will be directly affected if an official shutdown is called. Ships passing …
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