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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Hormuz oil and bitcoin dynamics shifted Tuesday after the Rich Starry, a Chinese-owned tanker under U.S. sanctions, transited the Strait of Hormuz in what was described as the first known breach of the U.S. naval blockade. The move coincided with WTI crude trading at $90.4 a barrel on April 15.
The Rich Starry is owned by Shanghai Xuanrun Shipping and carried 250,000 barrels of methanol loaded at the UAE port of Hamriyah. The cargo was not loaded at an Iranian facility.
U.S. Central Command said its blockade applies to vessels to and from Iranian ports only, adding that it would not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports.
WTI crude fell 0.88% to $90.4 per barrel on Wednesday, easing immediate supply pressure after a spike to $103 when the blockade was first announced.
Bitcoin has closely tracked oil prices since the conflict began in February. The article notes that BTC dropped into the low $60s when Iran first closed the Strait of Hormuz, and later rallied to $72,700 when an April 7 ceasefire was announced.
With oil moving from the $103 spike toward $90, the piece argues this reduces the “energy inflation” narrative that has kept rate cut expectations suppressed and risk appetite constrained.
WTI at $90 places crude below a $95 threshold cited by analysts as the point where energy inflation stops crowding out expectations for a Fed pivot. The article says this matters for bitcoin if the level holds through the April 22 ceasefire expiry and into the April 28 FOMC meeting.
It also cites the IMF cutting its 2026 global growth forecast to 3.1% from 3.3%, with energy costs identified as the primary driver.
Bitcoin is trading around $74,000 after three failed breakout attempts at the $76,000 level. The article states that crowded shorts have not yet unwound, and suggests that a sustained move in oil toward $85 to $90 could provide an external catalyst that market participants are waiting for.

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