Breaking! The Strait of Hormuz has been closed again! After the death of the commander of the Iranian Revolutionary Guard Navy, the call has been made, and Bitcoin has fallen below $68,000.

Houthes Strait blockade enters its fourth week. On March 26, Iran announced that ships from five countries—China, Russia, India, Iraq, and Pakistan—would be allowed to pass. But today, Israel said that the commander responsible for the blockade of the strait had died. And Iran’s Islamic Revolutionary Guard Corps said it will continue to blockade the Strait of Hormuz.
(Background: Trump signaled: Only an “unconditional surrender” by Iran will stop the war. Middle East conflict escalates—oil and the U.S. dollar surge wildly, and Bitcoin dips to $68,000)
(Additional context: Iran’s new leader Mujtaba’s first statement: extremely hardline—ordered “the blockade of the Strait of Hormuz,” vowing not to compromise in seeking revenge for his father)

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• The threat of “burning to ash” remains
• Trump: Negotiations are going well, deadline extended to 4/6
• BTC falls below $68,000

On Day 28 of the strait blockade, Iran’s Islamic Revolutionary Guard Corps (IRGC) continues to threaten any ships attempting to pass. This morning, Israel unilaterally announced it carried out airstrikes and has already killed the Islamic Revolutionary Guard Corps (IRGC) Navy commander Tansiri (Alireza Tangsiri).

On March 26 yesterday, Iran’s Foreign Minister Araghchi announced that ships from five “friendly countries”—China, Russia, India, Iraq, and Pakistan—can safely transit the Strait of Hormuz. In other words, the same strait is open to Iran’s allied countries, while the United States and the West are kept blocked.

The threat of “burning to ash” remains

Since February 28, when the IRGC announced the closure of the strait, the situation has not changed fundamentally. The words of the IRGC commander’s adviser, Jabari, are still fresh: “The strait is closed. If anyone attempts to pass through, the Revolutionary Guard Corps and the regular navy will burn those ships to ash.”

So far, 21 attacks on merchant vessels have been confirmed. Oil tanker traffic has dropped by more than 70%, and more than 150 ships are stuck waiting outside the strait. Brent crude oil jumped from $100 before the blockade