"Bitcoin fell roughly 2.5% within hours of the announcements, tracking the breakdown in diplomacy rather than the Navy's operational progress in the waterway."
"The Strait of Hormuz carries approximately 20% of the world's crude oil supply, and Iran's selective restrictions had drastically reduced ship traffic."
On April 12, 2026, Bitcoin's price fell to $71,067 following the collapse of U.S.-Iran peace talks in Islamabad. The U.S. Navy deployed two destroyers to the Strait of Hormuz to clear Iranian mines. Negotiations ended due to Iran's refusal to abandon its nuclear program, leaving around 2,000 vessels stranded in the Persian Gulf. Bitcoin's decline reversed earlier gains made during a two-week ceasefire period. The U.S. Central Command confirmed the destroyers' operations aimed at ensuring freedom of navigation in the vital waterway.
Read at news.bitcoin.com
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