Iran Security Official: Strait of Hormuz Will Not Reopen Until Iran’s Conditions Are Met

This is a chokepoint risk story, not a crypto story — but it is exactly the kind of macro shock that transmits into digital assets. Hormuz carries a large share of seaborne crude, so a prolonged closure keeps an energy-driven inflation impulse alive, which complicates the rate path that risk assets, including tokenized RWAs, are priced against. The official's framing also removes the diplomatic off-ramp that markets typically lean on to look through such threats. Whether talks resume, or whether the disruption becomes durable, is the open question.