Iran declared the Strait of Hormuz closed “until further notice” after the US conducted its third round of airstrikes on Iranian targets in a single week. Roughly one-fifth of the world’s oil supply passes through that narrow waterway.
Bitcoin, apparently, did not get the memo. The largest cryptocurrency was trading near $63,800, down a mere 0.3% over 24 hours. The rest of the major coins were equally unbothered.
What actually happened in the strait
The US strikes on July 11-12, 2026, targeted sites connected to attacks on commercial vessels. This was not a one-off. It was the third escalation in seven days.
Iran’s response was to shut down the most strategically important maritime chokepoint on the planet. Vessel tracking data confirmed the announcement wasn’t just rhetoric. Traffic through the strait dropped significantly below normal levels, with only limited ship movements observed.
