According to The Kobeissi Letter, the Strait of Hormuz remains the only major sea outlet for oil exports from key producers such as Kuwait, Qatar, Bahrain, and much of Saudi Arabia, with alternative routes relying solely on limited pipeline capacity (source: The Kobeissi Letter, June 22, 2025). This ongoing geographical bottleneck heightens oil supply risk, which historically triggers volatility in global markets, including cryptocurrencies like BTC and ETH. Traders should monitor potential disruptions in the Strait of Hormuz, as oil price shocks often lead to increased trading volumes and price swings in major digital assets, offering both risk and opportunity for short-term crypto strategies.