# United States Strikes Near the Strait of Hormuz Push Oil Above $90 and Drag Crypto Lower

Every large-cap token fell over 24 hours, with the higher-beta majors losing roughly three times what bitcoin did, while a firm dollar removed the usual offset.

- Published: 2026-09-02T05:46:41.964Z
- Canonical: https://polylog.news/crypto/2026-09-02/united-states-strikes-near-the-strait-of-hormuz-push-oil-abo
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/09/02/bitcoin-withstands-usd90-oil-and-rising-yields-as-gold-slides-a-firm-dollar-is-the-catch), [CoinDesk](https://www.coindesk.com/markets/2026/09/02/solana-ether-xrp-lead-majors-slide-as-iran-strikes-drive-a-broad-risk-selloff), [crypto.news](https://crypto.news/bitcoin-price-tumbles-us-strikes-rattle-global-markets/)

President Donald Trump confirmed that United States forces are striking Iranian targets near the Strait of Hormuz, according to Cointelegraph. He also rejected the description that the strikes are intended to force Iran into negotiations, s…

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