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ViewingNarrativesFromAHotAir

If the Strait of Hormuz has an incident, global oil prices will skyrocket, and the stablecoins anchored in DeFi will also tremble.

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MeNews
Iran accuses the UAE of involvement in attacks against it at BRICS foreign ministers' meeting; tensions in the Strait of Hormuz continue.
ME News reported on May 15 that at the 2026 BRICS Foreign Ministers' Meeting held in New Delhi, Iran’s Foreign Minister accused the United Arab Emirates of participating in U.S.-Israeli military actions against Iran, escalating regional tensions. India urged ensuring the maritime routes through the Strait of Hormuz and the Red Sea remain clear and uninterrupted, to prevent geopolitical conflicts from affecting shipping. The situation in the Middle East continues to be tense, posing a threat to energy transportation and the stability of the global crude oil supply chain. Analysts say the Strait of Hormuz is a key energy corridor, and its security directly affects oil prices and inflation expectations.
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