According to Saeed Azimi, Tehran correspondent for France 24, Iran's politicians are considering blocking the Strait of Hormuz in response to US military strikes, a move that could drive oil prices higher and exacerbate stagflation in oil-importing nations like the US. Concurrently, DEXTools.io data indicates the Digital Oil memecoin (OIL) surged over 400% against USD on Raydium, a Solana-based decentralized exchange, following an endorsement by Peter Schiff, as reported on X.

According to Fox News on Twitter, former President Trump told Bret Baier that 'the Iranians were hit ten times worse than they thought they would be' and suggested Iran may now be ready to negotiate. This statement signals heightened geopolitical tension, which historically increases volatility in both traditional and crypto markets. Traders should monitor Bitcoin (BTC) and Ethereum (ETH) price movements closely, as uncertainty in the Middle East often drives safe-haven demand and rapid market swings. Source: Fox News Twitter, June 13, 2025.