Oil prices surge above $85/barrel on reports that US intelligence has begun to see indications that Iran is deploying mines in the Strait of Hormuz, per CBS.
The Bhutanese government made a $BTC transfer! Approximately 175 BTC worth $11 million was transferred from an address linked to the Bhutanese government. A similar transfer was observed approximately one month ago, involving the sale of 7 million dollars worth of BTC. According to Arkham data, Bhutan…
The world is currently experiencing the largest oil supply crisis in its history. Approximately 20,000,000 barrels of oil supply are being lost daily. — The largest oil supply crises in history: 1. Closure of the Strait of Hormuz (2026): ~ 20 million barrels per day 2. Iranian Revolution (1978): ~ 5.5 million barrels per day 3. Yom Kippur War (1973): ~ 4.5 million barrels per day 4. Iraq-Kuwait War (1990): ~ 4.3 million barrels per day 5. Iran-Iraq War (1980): ~ 4.0 million barrels per day 6. Russia-Ukraine War (2022): ~ 2.0 million barrels per day. — The current Strait of Hormuz crisis is approximately equal to the total of the others on the list.
: US oil prices fall -$15/barrel in under 2 hours, now trading below $104/barrel, on reports that G7 countries are considering releasing 400 million barrels of crude oil reserves.