Iran's IRGC closure of the Strait of Hormuz has caused vessel traffic to plummet, disrupting global oil supply and spotlighting crypto-denominated transit

Iran shuts the Strait of Hormuz on June 20, citing Israeli ceasefire violations. Oil spikes, Bitcoin reacts, and crypto markets brace for more volatility.

Iran's IRGC Navy closes the Strait of Hormuz to all maritime traffic, disrupting 20% of global oil shipments and sparking crypto market volatility.