CoinEx News: WTI and Brent crude futures surged on July 13 after renewed U.S.-Iran fighting and Washington's decision to reinstate a naval blockade on Iran. August WTI settled 9.42% higher at $78.14 a barrel, while September Brent rose 9.59% to $83.30, as sharply reduced traffic through the Strait of Hormuz revived fears of tighter near-term supply.

The oil shock is rebuilding inflation pressure and strengthening the case for higher-for-longer interest rates, a direct headwind for rate-sensitive assets such as BTC and ETH.