The crypto market update oil prices Iran war bitcoin impact news today is being written by an energy market in freefall: US crude surged above $115 per barrel and Brent crossed $111 after Tuesday’s Kharg Island strikes, the IEA’s head declared the Hormuz oil shock worse than the crises of 1973, 1979, and 2022 combined, and the chain connecting oil prices to Bitcoin has never been tighter or more punishing.

The crypto market update oil prices Iran war bitcoin impact news today is as direct as it gets. US crude surged above $115 per barrel within minutes of the first Kharg Island strike reports on Tuesday, with Brent crude crossing $111. Gas prices in Los Angeles have already crossed $6 per gallon. The national average stands at…