Following the US air strikes against Iran’s nuclear facilities, the Iranian leadership is observed to increase the possibility of closing the Hormuz Strait to maritime transport. These developments are carefully monitored in global energy markets. The Strait of Hormuz is home to an important part of world oil transport, and any disruption that can be experienced here will cause economic problems on an international scale. Of course, this will affect crypto currencies.
Possibility of Closing the Strait of Hormuz
“Will Iran close the Strait of Hormuz by the end of June?” In the contract titled ‘Yes’, the shares of the side rose to 40 percent in the morning. Last Saturday, this rate was 14 percent. Until the end of the year, the possibility of closing rapidly and reached 52 percent said.
These increases show that global geopolitical tensions and the latest developments in the region quickly change market expectations. In the uncertainty environment, investors’ perception of risk increases, especially the energy market actors are reported to follow closely.
Effect on Energy Markets
The Middle East Forum observer states that approximately 20 million barrels of oil is transported from the Hormuz Strait every day and this corresponds to 20 percent of global oil consumption. Therefore, a deduction that may occur here may cause long -term shocks in oil prices through supply shortage.
According to the information shared by JPMorgan analysts, if the scenario of closure of the throat occurs, crude oil prices can reach $ 120 to $ 130 per barrel. This means that energy costs are significantly increased and pressure on energy importers.
Effect on Crypto Coins
If such a price increase is combined with ongoing trade disputes, it can prepare the ground for the environment in which economic growth and high inflation can be seen together. Crypto currencies, especially financial assets, will see deep decreases by being under pressure in such a period.
Donald Trump confirmed the air strikes and said, “The bully of the Middle East (Iran) was forced to make peace,” he said.
Developments increase cautious waiting. We are moving towards an environment where balances can change both in the energy market and in international policy and security risks can come to the forefront. It is stated that the process may be decisive especially in the energy markets in the coming weeks. As crypto currency investors progress to July 9, the deadline for tariffs, now they will be sleepless with inflation concerns due to an oil price increase.
The possibility of closing the Hormuz Strait, price fluctuations in energy markets, changes in trade routes and global economic imbalances. Petro -dependent countries and markets may have to guide the supply chain, energy safety and financial strategies, taking into account these risks. How to shape the effects of recent developments in the medium and long term seems to be clear depending on the political and military steps in the region.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
