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Global oil markets are on high alert following U.S. airstrikes on three of Iran’s nuclear facilities, Fordow, Isfahan, and Natanz, with fears mounting over a potential closure of the critical Strait of Hormuz. The military action, announced by President Donald Trump last night, has intensified geopolitical tensions in the Middle East and raised concerns about a sharp spike in oil prices.
The Strait of Hormuz is a narrow sea passage between the Persian Gulf and the Gulf of Oman. It provides the only water access from the Persian Gulf to the open ocean and has historically been one of the most strategically important shipping bottlenecks.
Roughly 20% of the world’s oil supply flows through the Strait. Any disruption to it could send crude prices soaring to $120–$130 per barrel, threatening global economic stability and stoking inflation, since soaring oil prices translate into higher costs of everyday goods for consumers.
Despite the U.S. joining forces with Israel last night to attack Iran’s nuclear program, the global benchmark Brent crude remains relatively stable for now, trading at around $72 per barrel. The situation remains highly volatile as markets await further clarity on Iran’s response and the status of the Strait.
Since news of the strikes, the price of Bitcoin has shown resilience, currently trading above $102,600 and remaining steady even as traditional markets brace for potential shocks. This stability reinforces the growing perception among investors that Bitcoin is no longer just a speculative asset but is increasingly being recognized as a safe-haven option in times of geopolitical turmoil.
Bitcoin’s fixed supply, decentralized nature, and rising adoption have contributed to its new role as a hedge against inflation and global instability. As oil prices and traditional assets face turbulence, Bitcoin’s calm performance suggests that it is increasingly being viewed as a complementary risk-off alongside gold. This is a trend that will likely strengthen as the global economy becomes increasingly digital and interconnected.
Moreover, since the Bitcoin and crypto markets are open to trade 24/7, they are often the first to be sold off over the weekends as investors flee to safety. Bitcoin’s price barely flinching amid the news of the U.S. airstrikes demonstrates the undeniable maturation of the market.
Bitcoin Market Data
At the time of press 2:10 pm UTC on Jun. 22, 2025, Bitcoin is ranked #1 by market cap and the price is down 1.15% over the past 24 hours. Bitcoin has a market capitalization of $2.04 trillion with a 24-hour trading volume of $48.7 billion. Learn more about Bitcoin ›
Crypto Market Summary
At the time of press 2:10 pm UTC on Jun. 22, 2025, the total crypto market is valued at at $3.14 trillion with a 24-hour volume of $116.13 billion. Bitcoin dominance is currently at 65.01%. Learn more about the crypto market ›
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