The reported move centers on the Strait of Hormuz (vital oil shipping chokepoint), a route critical to global energy flows and closely watched by financial and crypto markets.
Brent crude rose to $115, according to the provided report, as President Trump prepared to extend a U.S. blockade against Iran in the Strait of Hormuz (vital oil shipping chokepoint). The source links the price jump directly to the reported policy move. The Strait of Hormuz is one of the world’s most important transit routes for oil exports, so any threat to access can quickly affect energy pricing and broader risk sentiment across global markets, including digital assets.