Trump just sent minesweepers into the Strait of Hormuz. 20% of global oil flows through there. Crypto is next.
The US is removing Iranian mines from the Strait of Hormuz right now. And most traders have no idea what happens next.
I woke up to this at 4:00 AM.
President Trump just announced a new military mission. The US Navy is removing Iranian mines from the Strait of Hormuz, hundreds of them, planted before the war started.
Two US guided-missile destroyers, the USS Frank E. Peterson and USS Michael Murphy, have already begun "setting conditions" for the operation.
Here's why crypto should care:
The Strait carries 20% of the world's oil. Every day it stays blocked, the global economy bleeds.
Oil already spiked above $100 after talks failed last week. The IEA just warned global oil demand is set to CONTRACT for the first time in years because of this disruption.
What's happening right now:
Minesweepers are clearing the waterway. The Pentagon deployed underwater drones and traditional mine sweepers.
Trump says other nations, including Gulf states and the UK, are helping.
Iran still has forces nearby. If they resist? Trump warned of "overwhelming retaliation".
Here's the part that keeps me up at night:
The operation could take weeks. Dangerous work. And even after mines are cleared, the strait won't just reopen overnight.
The IEA estimates it would take about TWO MONTHS to restore steady exports after the strait reopens.
Two more months of $100+ oil. Two more months of sticky inflation. Two more months of "no rate cuts" from the Fed.
What I'm watching for crypto:
Bitcoin is already struggling to break above $74,000. Every time oil spikes, risk assets bleed.
If this operation goes smoothly? Markets might get relief. Oil drops. Crypto rips.
If Iran resists? Escalation. Oil to $120. Crypto bleeds harder.
Your turn. Does this operation bring peace or more war?
I'll reply to every serious take.
Follow for macro-crypto breakdowns as this unfolds. 🔔
$OIL