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U.S.-Iran Hormuz clash sends oil tumbling; bitcoin, altcoins shaken

Oil and cryptocurrency markets swung after reports that the U.S. military fired warning shots at an Iranian oil tanker near the Strait of Hormuz and disabled the vessel. BeInCrypto reported that bitcoin and major altcoins fell first as fears of a wider Middle East conflict fueled risk-off selling, then steadied as oil reversed and fell sharply. Iran and U.S. Central Command issued conflicting accounts, and markets are watching for further statements and any disruption to shipping.