The U.S.–Iran War over the weekend has pushed oil higher and led to fears of a Monday market sell-off. Iran moved to close the Strait of Hormuz, threatening 20% of global oil flows. As the U.S.–Iran War escalates across the Gulf, crypto traders debate whether another crash would follow when traditional markets reopen.

U.S.–Iran: Strait Blockade Drive Oil Shock

Analyst Crypto Patel noted the IRGC declaration that no vessel could pass through the Strait of Hormuz. Oil tankers stopped completely, which has been unprecedented in modern history. Notably, 20% to 30% of global oil flows through that waterway.

Patel expects oil to open between $80 and $100 on Monday, which could put the crypto market at risk. He added prices could spike…