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.