Crypto community fears Iran choking oil supply and crashing markets, but that may be overblown

A full closure of the strait is unlikely or impractical, some experts argue. What to know : Many crypto social media users on X worry that Iran could close the Strait of Hormuz, a key route for about 20 percent of global oil shipments, potentially sending oil prices toward $120 to $150 and triggering an inflation shock. Several experts argue that a full closure of the Strait is unlikely or impractical and that any oil price spike would likely be limited and temporary. An all-out war could still rattle markets and push bitcoin lower.