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$BTC Breaking News: According to Reuters, Iran has officially threatened that it will close the Strait of Hormuz if the situation spirals out of control.
Details are as follows:
1. Iran says that if the United States attacks Iran’s power plants, “the entire region and Saudi Arabia will be plunged into darkness.”
2. Iran’s Islamic Revolutionary Guard Corps says that if the United States targets civilian facilities, Iran will retaliate without hesitation.
3. The Strait of Hormuz currently accounts for about 12% of global maritime trade.
4. If the Strait of Hormuz is closed, we believe oil prices could reach $150 per barrel.
Less than 10 hours remain until the deadline set by Trump.