800 ships trapped in the Gulf — oil prices surge

Nearly 800 ships remain trapped in the Persian Gulf for weeks as the Hormuz crisis continues. Oil prices spike as global supply chains scramble. The sats-per-barrel metric surges — not because Bitcoin is weaker, but because oil is more expensive in every currency. BBC Verify reports ships attempting a northern route through Iranian territorial waters. Iran effectively demonstrates what de-dollarization looks like when backed by geographic leverage over energy supply.