Iranian Parliament Approves Potential Strait of Hormuz Closure

According to BlockBeats, Coinglass data reveals that in the past hour, the cryptocurrency market experienced liquidations totaling $150 million. Of this, long positions accounted for $142 million, while short positions saw $7.64 million in liquidations. In related news, market sources indicate that the Iranian parliament has approved a measure to close the Strait of Hormuz. However, the final decision on this action rests with the country's highest security body.