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Iran Mulls Closure of Strait of Hormuz; Digital Oil Memecoin Soars 400% Coindesk 3 weeks ago

Iran Mulls Closure of Strait of Hormuz; Digital Oil Memecoin Soars 400% 🌍

Iran is reportedly contemplating the closure of the Strait of Hormuz, a critical waterway for global oil transit. This geopolitical tension has coincided with a substantial 400% increase in the value of Digital Oil Memecoin, a cryptocurrency presumably inspired by the oil market.

The potential closure of the strait could have significant implications for global energy supply and markets. Such developments may be driving interest and speculation in Digital Oil Memecoin, reflecting heightened attention to how geopolitical events can influence digital asset markets.

Source: www.coindesk.com ↗