US embargo on Hormuz Strait impacts Cuba’s energy supply

Bitcoin slips below $80K as inflation data pressures markets and cloud mining interest grows. On Thursday, Bitcoin prices experienced a sharp pullback, driven by higher-than-expected inflation data and escalating geopolitical tensions.  During the U.S. trading session, Bitcoin fell to $79,200,…

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The post US embargo on Hormuz Strait impacts Cuba’s energy supply appeared on BitcoinEthereumNews.com. ## Market Snapshot WTI Crude Oil prices for May 2026 are currently priced at 51% YES for reaching $110. Other price thresholds show lower probabilities: $120 at 20%, $130 at 11%, $140 at 5%, and $150 at 2%. Recent embargo measures appear to have influenced market confidence in higher price outcomes. ## Key Takeaways – Market activity suggests heightened concern over potential supply disruptions, consistent with YES outcomes for higher WTI prices. – The embargo on the Strait of Hormuz appears to be a significant driver, with impacts seen in the increased pricing of WTI futures. – Current pricing reflects market participants’ perception of increased geopolitical risk affecting global oil transit routes. ## Article Body The recent U.S. embargo on the Strait of Hormuz has resulted in a notable shift in the energy markets, particularly affecting countries like Cuba that rely on oil imports