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Rising tensions around the Strait of Hormuz, one of the most critical passages for global energy trade, have refocused world markets' attention on the Middle East. The escalating military activity between the US and Iran raises serious concerns about the security of this strategic strait, and a potential closure is considered likely to affect not only the oil market but also the global financial system and crypto assets.
Given that millions of barrels of oil are transported daily through the Strait of Hormuz, disruptions to transit would likely lead to a rapid increase in energy prices. This rise in oil prices could increase global inflationary pressure, strengthening investors' search for safe havens. While some investors traditionally turn to gold during such periods, digital assets have also gained more attention as an alternative store of value in recent years.
Major crypto assets, particularly Bitcoin and Ethereum, attract attention during periods of geopolitical risk due to their independence from the financial system. While increased volatility in the crypto market is possible in the initial stages of a crisis, a prolonged period of uncertainty could lead some investors to shift towards digital assets. In this process, an increase in trading volumes, especially for stablecoins like Tether, can also be expected.
In conclusion, a potential crisis in the Strait of Hormuz has the potential to affect not only energy supplies but also global financial balances. Therefore, developments continue to be closely monitored in terms of oil, gold, and cryptocurrency markets.