According to The Kobeissi Letter, the Strait of Hormuz is crucial for global energy markets, with 20% of the world’s oil supply passing through its narrow 21-mile channel. A single blockade could drive oil prices above $150 overnight, surpassing the daily oil traffic of both the Panama and Suez Canals combined. For cryptocurrency traders, such a geopolitical event could trigger heightened volatility as oil-driven inflation impacts global risk sentiment, potentially influencing the value of BTC and other digital assets (Source: @KobeissiLetter, June 22, 2025).