“BTC HELD ABOVE $ 100K, Continuing Its Boring Multi-Week Rangeplay.”, – WRITE: www.coindesk.com
AT Press Time, Shares of the Yes Side of the Polymarket-Listed Contract “Will Iran Close The Strait of Hormuz Before June 30 Traded at 40 Cents, Representing A 40% Probability. Meanwhile, The Odds of the Event Occurring by the end of the year increasted to 52%, up from 33% of the previos day.
Approximately 20 Million Barrels of Oil Are Transported Through the Strait of Hormuz Daily, Accounting for AROUND 20% of the World’s Oil Consp Therefore, the potential closure of the hormuz Could Trigger A Sustaned Oil Price Shock.
Accorging to JPMorgan’s Analysts, Shutting The Strait of Hormuz Could Catapult Crude Oil Prices to An Eye-Popping $ 120 to $ 130 per Barrel.
Such A Spike in Oil Prices, Coupled With The Ongoing Trade War, Could Lead to Stagflation – The Worst Outcome for Financial Assets, Including Cryptocurrencies.
Polymarket: Will Iran Close The Strait of Hormuz in 2025? (Polymarket)
As of Writing, The Cryptocurrency Market Has Not Shown Any Signs of Panic, with Bitcoin
Continuing to Trade Above $ 100,000, Per Coindesk Data.
President Donald Trump ConfirMed Airstrikes Saturday Evening, Saying The Attack Obliterated Three Critical Iranian Nuclear Enrichment Facilies, Calling “The Bully of The Middle East [Iran] to make peace. ”
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