According to The Kobeissi Letter, ships preparing to cross the Strait of Hormuz executed a 180-degree U-turn at approximately 9:15 AM ET, just minutes after Iran's parliament approved closing the strait (source: The Kobeissi Letter, June 22, 2025). This unprecedented maritime disruption is anticipated to drive significant volatility in global oil markets, which historically correlates with sharp price swings in major cryptocurrencies such as BTC and ETH due to increased demand for alternative assets during geopolitical crises. Traders should closely monitor crypto market liquidity and volatility indices in response to further developments.

According to The Kobeissi Letter, ships scheduled to cross the Strait of Hormuz executed a 180-degree U-turn at around 9:15 AM ET, minutes after Iran's parliament approved closing the critical maritime passage (Source: The Kobeissi Letter, Twitter, June 22, 2025). This unprecedented disruption has immediate implications for global oil supply chains and is expected to increase volatility in commodity and energy markets. Historically, such supply shocks have triggered risk-off sentiment, leading to short-term downward pressure on both equity and crypto markets, including BTC and ETH, as traders move to safe havens. Crypto investors should closely monitor energy price fluctuations and geopolitical developments as these can drive increased volatility and liquidity shifts across digital asset markets.

According to The Kobeissi Letter, Iran's parliament has officially approved closing the Strait of Hormuz, a vital channel for global oil shipments, for the first time since 1972 (source: The Kobeissi Letter, June 22, 2025). If sanctioned by Iran's top security body, this move could disrupt over 20 million barrels of oil exports daily, potentially causing sharp oil price spikes and increased volatility across global markets. For cryptocurrency traders, historical patterns show that such geopolitical tensions often trigger a flight to alternative assets like Bitcoin (BTC) and Ethereum (ETH) as investors seek safe havens. Traders should closely monitor oil price reactions and risk sentiment, as rising energy prices may indirectly boost demand for crypto assets, affecting BTC and ETH price action.

According to Michaël van de Poppe (@CryptoMichNL), Iran's closure of the Strait of Hormuz marks a critical escalation in geopolitical tensions. This event is contributing to persistent downward pressure on risk-on assets such as Bitcoin (BTC) and various altcoins, with no signs of a trend reversal as long as the situation continues. Traders are advised to remain cautious as this scenario is described as a period of capitulation, where market sentiment drives further sell-offs in the crypto sector. Source: @CryptoMichNL on Twitter, June 22, 2025.

According to Crypto Rover, Iran's parliament has approved a measure to close the Strait of Hormuz, pending finalization by the nation's top security body (source: Crypto Rover, June 22, 2025). This strategic waterway is vital for global oil shipments, and its potential closure has triggered immediate volatility across cryptocurrency markets, especially for Bitcoin (BTC) and Ethereum (ETH), as traders anticipate increased risk premiums similar to previous geopolitical disruptions. Energy-sensitive tokens and commodities-backed crypto assets may experience heightened trading activity and price swings as the situation develops.