US-Iran talks are stalling hard. The core issue? Strait of Hormuz.

Iran wants preconditions before reopening. US demands free passage. Nobody's blinking.

This isn't just geopolitics—it's a direct market catalyst. Hormuz handles ~20% of global oil supply. If talks collapse, oil spikes and risk-off accelerates across equities and crypto.

Watching this closely. Breakdown = volatility incoming.