Goldman Sachs analysts are sounding the alarm that oil prices could skyrocket to $150 a barrel if Iran follows through on threats to shut down the Strait of Hormuz—a critical shipping lane for global oil supplies. The warning comes amid escalating tensions in the region, raising fears of a major energy crisis.

Editor’s Note: If Iran blocks the Strait, it’s not just about higher gas prices—it could send shockwaves through the global economy. Nearly a third of the world’s seaborne oil passes through this narrow channel, so any disruption would hit everything from shipping costs to inflation. This isn’t just a market scare; it’s a real risk that could leave wallets feeling a lot lighter.

Bitcoin took a nosedive after Iran’s parliament approved a plan that could shut down the Strait of Hormuz—a critical oil shipping route. If it happens, this move could send oil prices soaring, fueling inflation worldwide and spooking investors. The crypto market, often seen as a riskier asset, got hit hard as traders braced for potential economic chaos.

Solana's cryptocurrency, SOL, took an 8% hit as traders grew nervous about the broader market impact of a sudden spike in oil prices. The jump in energy costs is stirring fears of inflation and tighter monetary policies, which often spook crypto investors. SOL, usually seen as a high-growth asset, got caught in the sell-off as traders shifted to safer bets.

Bitcoin took a hit today, dropping below the $100,000 mark, and analysts are pointing to a broader shift in investor mood—one that seems tied to turbulence in oil markets. When Wall Street gets jittery about risk, crypto often feels the heat, and this looks like another case of traders pulling back from volatile assets.

Bitcoin took a sharp dive, dropping below the $100K mark after Iran threatened to shut down the Strait of Hormuz—a critical global oil shipping route. The move spooked investors, who quickly pulled back from riskier assets like crypto amid fears of escalating geopolitical tensions and potential disruptions to energy markets.

The U.S. just launched airstrikes on three of Iran’s nuclear sites, sparking fears of a major disruption in global oil supplies—especially if Iran retaliates by blocking the Strait of Hormuz, a key shipping route. Meanwhile, Bitcoin’s price hasn’t budged much, which is interesting given how skittish other markets are right now.

Tensions in the Middle East just got a lot hotter. After former U.S. President Trump ordered air strikes on an Iranian nuclear facility, betting markets like Polymarket are flashing warning signs—the perceived chance of Iran blocking the Strait of Hormuz, a critical oil shipping route, has jumped to 52%. That’s a big deal because this narrow waterway is like the world’s oil faucet; if Iran turns it off, gas prices and global markets could spiral.