Trump said China agreed to stop sending weapons to Iran as the US moved to reopen the Strait of Hormuz, a route that handles about 20%–30% of global seaborne oil trade. China rejected the claim and called the blockade a dangerous move that could worsen confrontation. The US began a targeted blockade of Iranian ports around April 13, and shipping data shows traffic through the strait remains severely curtailed. Bitwise said the crisis is expanding Bitcoin’s role in global finance and noted that BTC has gained 12% since airstrikes began on February 28.