Since yesterday noon, the US-Iran conflict has escalated completely. Iran directly issued a stern warning: anyone daring to pass through the Strait of Hormuz will be destroyed, and not a drop of oil will flow out. As soon as the words were spoken, international oil prices fluctuated sharply, with Brent crude quickly reaching $85. The US also responded, warning that the heaviest blow has yet to come. Both sides are now engaging in a game of chicken—whoever backs down first will suffer losses. If they go all out, the global economy will suffer.

The core issue is the Strait of Hormuz. It is the only outlet from the Persian Gulf, less than 40 kilometers at its narrowest point. Iran firmly controls the coastal islands, effectively blocking the energy corridor. Over 20 million barrels of crude oil pass through it daily, accounting for 32% of global seaborne oil, along with 20% of natural gas transportation. Trying to detour around the Cape of Good Hope? It would take at least two weeks to a month, with combined costs tripling, making it simply unfeasible.

This matter impacts different countries in very different ways: the US is already an oil exporter, mainly concerned about inflation; Europe, since the Russia-Ukraine war broke out and they cut off Russian energy, relies on nearly 40% of its oil from this route, worsening manufacturing difficulties; Japan and South Korea depend on over 80%-90%, so rising oil prices completely undermine their anti-inflation efforts; India gets nearly half of its oil through this route; and we also have about 45% of our oil imports relying on this line, so the impact is significant.

Therefore, while supporting Iran's sovereignty, we are actively mediating to stabilize this critical global energy artery and prevent dragging the entire world into a new economic disaster. #美伊局势影响 $BTC