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 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…

By Imad CreidiDAMMAM, Saudi Arabia, May 22 (Reuters) - Iran's publication of a new map asserting its control over the Strait of Hormuz risks extending an already punishing ordeal…

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.