Iran's Strait of Hormuz closure strands 20,000 sailors on 2,000 ships, disrupts 20-25% of global oil supply, and introduces Bitcoin for toll payments.

Iran's Revolutionary Guards navy on Wednesday said they allowed over 25 vessels including oil tankers to transit the Strait of Hormuz over the past 24 hours.

Iran has seized control of the Strait of Hormuz, cutting vessel traffic by over 85% and removing 11 million barrels per day from global supply, with ripple effects hitting crypto…