June 22, 2025
Iran Mulls Closure of Strait of Hormuz; Digital Oil Memecoin Soars 400% thumbnail
Business

Iran Mulls Closure of Strait of Hormuz; Digital Oil Memecoin Soars 400%

An obscure token Called the Digital Oil Memecoin (Oil) Surged Over 400%.”, – WRITE: www.coindesk.com

An obscure token Called the Digital Oil Memecoin (Oil) Surged Over 400%.Updated Jun 22, 2025, 3:08 pm PUBLISHED JUN 22, 2025, 2:05 PM

Iran’s Politicians Leaned in Favor of Blocking The Strategic Important Strait of Hormuz on Sunday in Responsse to the Us Military Strikes on the Iranian Nuclear Facilites, Accordation Tors Correspondent for France 24.

“The MPS have unanimously reacted this conclusion merely in a Consultation capacity. The Decision Lies with the Supreme National Security Council,” Azimi Said on X, Responding to Seever. Parliament has approved the closure.

The Strait, A Key Global Oil Shipping Route, Accounts for One-Fift of the World’s Oil Trade. Thus, the closure of the route is likely to send oil prices Skyward, Possibly Into Three Figures, Bolstering Stagflation Fears in Oil

Analysts Expect Brent and WTI Crude Prices to Open Significantly Higher on Monday, Pricing A Potential Supple Squeze.

In the Meantime, An Obscure Token Called the Digital Oil Memecoin (Oil) Has Skyrocited Over 400% Against USD, According to Data Source Dextools.io. The token is listed on the Solana-Basted Decentralized Exchange Raydium.

Oil/USD (Dextools.io)Oil/USD (Dextools.io)

“Fading the most geopolitical Advantaged memecoin and the only coin endorsed by Peter Schiff Himself? Couldn’n be me …. $ oil,” an X handle Suppedly Associated with, platform.

The Token Came Into Existence Early This Year After Vocal Cryptocurrency and Bitcoin Critic Peter Schiff Publisshed a Post on X Supporting The Idea of ​​Creating A Digital Oil.

Omkar Godbole

Omkar Godbole is a co-managing Editor on Coindesk’s Markets Team Based in Mumbai, Holds A Masters Degree in Finance and A Charted Market Technician (CMT) Member. Omkar Previoously Worked at FxStreet, Writing Research on Currency Markets and As Fundamental Analyst at Currency and Commodities Desk at Mumbai-Based Brokerage Houses. OMKAR HOLDS SMALL AMUNTS OF BITCOIN, Ether, Bittorrent, Tron and Dot.

X Icon

Coindesk News Image

Related posts

Police detained the mayor Berdichev on suspicion of receiving a bribe

unian ua

Ada slips beve $ 0.60; 24-Hur Trading Volume Jumps 30% AMID ACCUMULATION SIGNS

unian ua

Santiment captures retail-pesimism and tension in the bitcoin market

unian ua

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More