US Disables Iranian Tanker Near Hormuz as Bitcoin Swings and Oil Reverses

US Central Command said American forces fired warning shots and disabled an Iranian tanker near the Strait of Hormuz, and oil prices tumbled Thursday as markets reassessed the confrontation. Iranian state media said Tehran retaliated with missile launches at US naval units, but US officials denied that American warships were struck. The Strait of Hormuz carries roughly 20% of global oil and LNG shipments, and Bitcoin briefly fell before stabilizing as crude reversed lower.

BTC-1.32%
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