5 Hormuz Strait Blockade Facts: Oil Prices Soar 7%, Bitcoin (BTC) Plummets to Rp1.2 Billion!

Jakarta, Pintu News – Global geopolitical turmoil rocked financial markets again after President Donald Trump formally ordered a naval blockade of the Strait of Hormuz following the failure of nuclear talks with Iran in Islamabad.

This drastic move immediately triggered a significant spike in global oil prices on Hyperliquid’s decentralized platform, reflecting market participants’ concerns over potential disruptions to global energy supplies. On the other hand, risky assets such as crypto are experiencing selling pressure as investors tend to turn to assets that are considered safer amid heightened uncertainty.

1. Oil Price Surge and Hyperliquid Platform Domination

World crude oil prices registered a sharp rise immediately after the announcement of the blockade, with WTI futures jumping up to 7% in a short period of time. This surge was particularly active on the decentralized platform Hyperliquid, where WTI trading volume reached a fantastic $1.53 billion. This data proves that blockchain-based platforms are increasingly becoming the first choice for investors seeking price certainty when traditional markets are closed.

This use of digital infrastructure is in line with the trend where stablecoins have now become a real transaction settlement layer and are capable of moving funds at scale instantly. The speed of transactions on cryptocurrency platforms allows for more efficient price discovery than the slow and time-constrained correspondent banking system. This phenomenon demonstrates how blockchain technology is beginning to take over a critical role in facilitating global commodity trade amidst crisis situations.

Here is a breakdown of commodity price movements on the Hyperliquid platform today:

• WTI Crude Oil: $96.40 (IDR 1,648,632) per barrel, up 7%.
• Brent Crude Oil: $96.00 (IDR 1,641,792) per barrel, up 6%.
• WTI Trading Volume: $1.53 billion (IDR 26.16 trillion).

Also Read: 10 Free AI Apps 2026, Can Help Passive Income from Crypto to Stocks

2. Threat of the Biggest Energy Supply Shock in History

The blockade in the Strait of Hormuz comes at a particularly critical time as global strategic oil reserves coordinated by the IEA begin to approach their lower limit. This emergency reserve drawdown was initially undertaken to cover a supply shortfall of 5 million barrels per day since the conflict broke out in late February. If the blockade continues without a diplomatic solution, the supply gap is expected to widen dramatically to 11 million barrels per day for the world market.

Saudi Arabia’s Energy Ministry warned that this situation could trigger an oil supply shock unprecedented in the history of modern energy markets. The head of the IEA, Fatih Birol, has also warned that the supply pressure in April risks being much worse than in March. This condition forces market participants to immediately reset global economic growth assumptions due to the potential for inflation to spike suddenly high.

3. Cryptocurrency Market Reaction to Geopolitical Crisis

The negative sentiment from the energy crisis immediately spread to the cryptocurrency market, where major assets such as Bitcoin were observed to experience deep price drops. Investors are likely to take profit or move their capital to more stable assets out of fear of the inflationary impact triggered by the spike in oil prices. This decline reflects Bitcoin’s (BTC) strong correlation with other risky assets when facing extreme geopolitical uncertainty at the global level.

Other digital assets such as Ethereum and Ripple are also not spared from similar selling pressure as the overall market volatility increases. Although blockchain technology offers transaction settlement efficiency, macroeconomic sentiment remains the main driver of digital asset prices in the short term. You should note that these price movements are highly sensitive to the latest news regarding the ongoing military blockade on the international trade route.

Here are the price movements of some of the major assets in the crypto market today:

• Bitcoin (BTC): $70,850 (Rp1,211,676,700), down almost 3%.
• Ethereum (ETH): $2,188 (IDR 37,419,176).
• XRP (XRP): $1.33 (IDR 22,745).
• Solana : $81.77 (IDR 1,398,430).

4. Macroeconomic Impact and High Inflation Risk

A sudden spike in energy prices is bound to increase the burden of production and transportation costs across the globe, eventually triggering a systemic rise in inflation. Traders are now wary of possible equity market turmoil due to fears of more aggressive monetary policy tightening from central banks. This crisis is forcing investors to be more cautious in placing their capital in highly volatile investment instruments such as cryptocurrencies today.

The blockade of the Strait of Hormuz is not just a regional issue, but a real threat to the stability of global supply chains that are currently in the recovery phase. With the end of the IEA’s emergency stock release mechanism, the global market loses one of the key buffers to balance energy prices at the international level. If normal supply is not restored soon, the risk of wider volatility will continue to haunt both traditional markets and the digital asset ecosystem on a sustained basis in the coming weeks.

Also Read: 5 Ways to Buy Bitcoin as Easy as a $1 Million Gold Ring: A Crypto Guide for Beginners

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Ananda Banerjee/BeInCrypto. Who Really Runs the Stablecoin Settlement? A Structural Analysis. Accessed April 13, 2026.