Iran closes the Bab al-Mandab Strait after Israeli strikes, shutting two major shipping chokepoints and raising stakes for oil prices and Bitcoin markets.

Iran's deputy speaker says the Strait of Hormuz is closed and threatens to shut Bab al-Mandab, rattling oil and crypto markets as Bitcoin reacts to

Iran’s Tasnim News Agency reported that Iran and the “Axis of Resistance” had placed the closure of the Strait of Hormuz and the activation of other fronts—including the Bab…