July 14, 2026·Bearish·market event

US Hormuz Blockade and 20% Transit Fee Hit Bitcoin

The US reinstated a blockade of the Strait of Hormuz and imposed a 20% transit fee, disrupting global oil flows and impacting Bitcoin markets. The news reversed Bitcoin's initial gains from a softer-than-expected CPI report, as macro concerns over energy costs and geopolitical risk took precedence.

Detected & updated continuously · Source: Nebula

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Bitcoin (btc)

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@TheDeFiPlug

Today’s chart tells the entire story. CPI came in softer than expected, giving Bitcoin an initial push higher as markets priced in a less hawkish Fed. Then macro took over. News that the US reinstated the Hormuz blockade and introduced a 20% transit fee sent oil sharply https://t.co/8HcCbvzASU