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Iran Closes the Strait of Hormuz, Global Oil Prices Surge Past $97/Barrel
The Iranian Revolutionary Guard Corps (IRGC) officially announced the closure of the Strait of Hormuz and threatened to crack down on any ships daring to pass. Several reports indicate that at least three container ships from various nationalities have been forced to turn back by the IRGC navy after receiving stern warnings in this vital waterway. This unilateral closure automatically cuts off one of the world's most important energy distribution routes, triggering extreme panic over global energy supply stability.
This provocative move immediately caused the prices of Harga Minyak Global ($97/Barel) to soar sharply past $97 per barrel as the market begins to doubt the success of peace negotiations in the Iran conflict. This price spike reflects deep concerns among market participants about the potential halt of global oil logistics flows dependent on the Strait of Hormuz. Bitcoin prices also appear to plummet below the $67,000 level. This drastic decline resulted in at least $30 Rp470 trillion( disappearing from the crypto market within just 60 minutes.