Strait of Hormuz blockade sends oil to $100, Bitcoin below $76,000 as Asian energy crisis deepens Oil prices surged to $100 per barrel as the Strait of Hormuz blockade entered its second week, triggering fresh panic across global markets. Bitcoin fell to one-week lows under $76,000 as risk assets sold off amid escalating US-Iran tensions over the critical oil chokepoint. Iran is running out of oil storage capacity with just 12-22 days remaining, threatening an additional 1.5 million barrels per day in production cuts. Asian countries face their worst energy crisis in history as Iranian oil exports, which largely supplied…
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