According to The Kobeissi Letter, oil markets have started pricing in risk as shipments through the Hormuz Strait have steadily declined since June 13th. While this does not signal a complete shutdown, which would be a worst-case scenario, the ongoing reduction could pressure global energy prices and potentially prompt central banks to consider rate hikes if disruptions worsen (source: The Kobeissi Letter, June 22, 2025). For cryptocurrency traders, a rise in oil prices and potential rate hikes could increase market volatility for assets like BTC and ETH, as risk sentiment may shift rapidly in response to global macroeconomic developments.

According to The Kobeissi Letter, oil markets have been partially pricing in risk as shipments through the Hormuz Strait have steadily declined since June 13, 2025 (source: @KobeissiLetter, Twitter). While the current situation is not a full shutdown, which would be the worst-case scenario, the observed decline could impact global inflation expectations and trigger Federal Reserve rate hikes if disruptions worsen. For cryptocurrency traders, renewed rate hike risks typically put downward pressure on BTC and ETH prices by strengthening the US dollar and reducing risk appetite across digital assets. Monitoring oil shipment trends and central bank responses is crucial for anticipating market volatility.