The commander of the Iranian Revolutionary Guard Corps Navy, Tangsiri, has once again declared: the Strait of Hormuz will be closed to US and European ships within hours. What would be the severe consequences if this vital artery, which transports nearly 20% of the world's oil and gas, is cut off?

Chain Reaction Overview:
• Oil prices skyrocket → Global inflationary pressure is immense
• India's GDP may drop by more than 0.5%.
• International trade circulation is obstructed
• The cryptocurrency market's risk assets are being sold off (BTC has shown signs of volatility in the past two days)

But here lies an irony: Iran has repeatedly threatened to block the Strait, yet has never actually taken action—because it also relies on oil exports for its survival. So this is more of a political stance; the real key is whether the US-Iran negotiations can cool down. However, investors still need to guard against this black swan risk, especially as the correlation between energy assets and the cryptocurrency market is increasing.