According to The Kobeissi Letter, the Strait of Hormuz remains the only major sea outlet for oil exports from Kuwait, Qatar, Bahrain, and a significant portion of Saudi Arabia’s production, with limited alternative pipeline capacity (source: The Kobeissi Letter on Twitter, June 22, 2025). Any disruption in this chokepoint can trigger oil price volatility, influencing global inflation expectations and driving increased trading activity in crypto markets as investors seek alternative assets. Historically, heightened tensions in the region have correlated with spikes in Bitcoin (BTC) and Ethereum (ETH) prices due to safe-haven demand.