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The Strait of Hormuz is the world’s most dangerous "chokepoint." It’s a narrow strip of water connecting the Persian Gulf to the open ocean, carrying 20% of global oil.
Historically, it saw the 1622 Anglo-Persian War and the 1980s Tanker War, where Iran and Iraq attacked oil ships.
Today, it remains a flashpoint for US-Iran tensions.
For a trader on Binance, Hormuz is a "Volatility Trigger." Any military spark there makes oil prices skyrocket, usually causing a panic sell-off in the crypto market.
When news breaks about a ship seizure or drone strike in the Strait, expect those red candles on your screen. It’s where geopolitics meets your wallet.