According to The Kobeissi Letter, the Strait of Hormuz, situated between Oman and Iran, is responsible for controlling approximately 20% of the world’s daily petroleum liquids consumption, making it a critical chokepoint for global energy supply (source: @KobeissiLetter, June 22, 2025). For crypto traders, disruptions or geopolitical tensions in this region can result in increased market volatility, as surges in oil prices often drive risk-off sentiment and capital flows into safe-haven assets like Bitcoin (BTC) and Ethereum (ETH). Monitoring developments in the Strait of Hormuz is essential for anticipating potential short-term volatility across both energy and cryptocurrency markets.