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7% Jump in Oil Futures Amid Hormuz Crisis, Bitcoin Pulls Back
What You Need to Know
🚨 Trump’s Hormuz blockade caused oil contracts to rise by 7%.
Following the movement in oil, Bitcoin declined to $71,000.
🛢️ Strategic reserves are being depleted, supply shortages could reach 11 million barrels.
The crisis has increased volatility in both traditional and crypto markets.
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