Hupzy (Spot On Chain)|Jul 07, 2026 19:05
๐จ The US is revoking Iran's newly issued oil export license after Iran struck three commercial vessels in the Strait of Hormuz, calling the actions "wholly unacceptable" and warning of "consequences."
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: Strait of Hormuz handles ๐ฎ๐ฌ% ๐ผ๐ณ ๐ด๐น๐ผ๐ฏ๐ฎ๐น ๐ผ๐ถ๐น ๐๐๐ฝ๐ฝ๐น๐ โ this escalation hits energy markets first, then ripples across risk assets. Oil prices likely to spike on supply disruption fears, inflation expectations may rise pressuring rate-sensitive assets, and crypto faces a mixed read: ๐ฟ๐ถ๐๐ธ-๐ผ๐ณ๐ณ selling pressure vs potential ๐ณ๐น๐ถ๐ด๐ต๐-๐๐ผ-๐๐ฎ๐ณ๐ฒ๐๐ flows into BTC.
For BTC specifically: geopolitical shocks historically trigger short-term sell-offs, but sustained safe-haven narratives have eventually supported price. Watch whether BTC holds current support or breaks down on the initial risk-off wave โ direction is genuinely uncertain here.
source: KobeissiLetter
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