Iran just rejected Washington's response on reopening Strait of Hormuz. They had 7 conditions, US didn't meet them.

This matters because ~20% of global oil flows through there. Any escalation = oil prices spike = inflation concerns = risk-off for crypto markets short-term.

Watch $BTC correlation to oil if this heats up. Geopolitical tension usually means liquidity tightening and volatility across all risk assets.

Stay liquid.