Iranian forces report explosions near Sirik Island, threatening Hormuz closure. Traffic normalization by June at 18% YES.

Explosions near Sirik in Iran's Hormozgan province rattle markets as tensions escalate near the Strait of Hormuz, with potential ripple effects on crypto

Iran closed the Strait of Hormuz, blocking over 3,200 ships. Traffic returns to normal by June 15 at 0.5% YES, by July 31 at 23.5% YES.