Strait of Hormuz vessel traffic plummets from 100+ daily ships to as few as 12 amid US-Iran conflict, pushing oil past $100 as Iran explores Bitcoin

Explosions near the Strait of Hormuz are rattling oil markets and pushing Bitcoin lower, as Iran collects crypto transit tolls from shipping vessels.

Vessel transits through the Strait of Hormuz fell 70% in four days after US-Iran strikes, spiking oil prices and rattling broader risk markets including