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US Targets Iranian Crypto Exchange Over Strait of Hormuz Transit

The United States government has placed an Iranian cryptocurrency exchange under sanctions, alleging the platform facilitated payments to secure passage through the Strait of Hormuz. Linked to financier Babak Zanjani, the exchange now sits at the center of a deepening geopolitical rift over one of the world's most vital maritime oil corridors.

US Targets Iranian Crypto Exchange Over Strait of Hormuz Transit

Tehran has condemned the move as a direct assault on its economic sovereignty, further souring diplomatic relations already frayed by years of confrontation. The Strait of Hormuz remains the pulse of global energy markets, and any disruption to transit through this narrow gateway threatens to ripple across international supply chains.

Market observers are now bracing for potential retaliatory actions from Iran. As the White House intensifies its financial pressure, the focus shifts to whether these measures will stifle illicit funding or provoke a volatile response in the Gulf region, where the balance of power remains precarious.

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