#IranHormuzTensions Global markets are watching the Middle East closely again after new signals from the US and Iran created fresh uncertainty across oil and crypto. Trump stated on May 23–24 that a US-Iran deal was “basically done,” with ceasefire expectations beginning to form. That initially helped ease fears around energy supply disruptions and supported broader market sentiment. However, early May 29, Iran’s parliament chair pushed back by claiming “permanent control of Hormuz Strait shipping,” reigniting geopolitical concerns just as markets were pricing in de-escalation. The Strait of Hormuz transports nearly 20M barrels of oil per day — roughly 20% of global supply — making it one of the world’s most important trade routes for energy markets. Following the headlines: • Oil climbed 1.4% on May 28 • Traders rotated into defensive positioning • Crypto markets faced renewed pressure as risk appetite weakened If both sides continue progressing on nuclear negotiations, potential sanctions relief could lower oil prices and improve sentiment for risk assets including $BTC, $ETH and equities. But if Iran continues testing geopolitical limits around Hormuz, oil could rebound sharply again, inflation concerns may return, and crypto markets could face another wave of volatility. For now, macro sentiment remains heavily driven by geopolitics, energy flows, and headline risk. $CL #IranHormuzTensions @OKX Orbit