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<figure><figcaption> Bitcoin &amp; XRP Fall as Yemen's Houthis Strike Saudi Tankers in Red Sea amid US-Iran War — Source: CoinGape </figcaption></figure><ul><li>Bitcoin and XRP drop as Yemen's armed forces strike two Saudi Arabia oil tankers in the Red Sea.</li><li>US-Iran war escalates as Trump warning to target bridges or energy infrastructure.</li><li>Oil price rises above $88 per barrel amid two-chokepoint risk for global oil supply.</li><li>US Treasury yields rising to record high levels as markets brace for rising inflation and energy shock.</li></ul>Yemen’s Houthis attacked Saudi oil tankers in the Red Sea and intercepted multiple commercial vessels amid escalating US-Iran war. Oil prices have climbed further due to disruptions in the Red Sea and the Strait of Hormuz, causing Bitcoin and XRP to pare gains.<h2 id="yemen-s-iran-aligned-houthis-disrupt-oil-supply-in-red-sea">Yemen’s Iran-Aligned Houthis Disrupt Oil Supply in Red Sea</h2>Yemen’s armed forces hit two Saudi oil tankers in the Red Sea using ballistic missiles, cruise missiles, and drones, <a href="https://x.com/CryptoRednirav/status/2080154205772529826?s=20" rel="noopener noreferrer nofollow">IRNA News Agency reported</a> on July 23. The attacks also intercepted multiple commercial vessels, according to a formal statement by spokesperson Yahya Saree.Saudi authorities confirmed a Saudi-owned commercial vessel was targeted in the Red Sea, causing a fire on the ship. All crew members are safe. Authorities claim such attacks constitute a violation of international laws and norms.<div>Houthi leaders in Yemen have declared a naval blockade against SaudiArabia, effective immediately. US stock futures, Bitcoin and XRP are dropping amid risks of further supply disruptions.&nbsp;&nbsp;</div>The attacks coincided with Saudi Arabia signing a nuclear deal with the US. The 30-year agreement aims to strengthen bilateral cooperation on nuclear energy.<blockquote class="twitter-tweet">Saudi Arabia and United States Sign Agreement on Cooperation in Peaceful Uses of Nuclear Energy. <a href="https://t.co/FSJWIqmXwS" rel="noopener noreferrer nofollow">pic.twitter.com/FSJWIqmXwS</a>— وزارة الطاقة (@MoEnergy_Saudi) <a href="https://x.com/MoEnergy_Saudi/status/2080041543772070121?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 22, 2026</a></blockquote>Meanwhile, U.S. Central Command (CENTCOM) forces completed another round of strikes against Iran for the 12th consecutive night. <a href="https://coingape.com/u-s-iran-war-update-trump-threatens-to-bomb-irans-power-plants-bridges-if-hormuz-attacks-persist/" rel="noopener noreferrer nofollow">President Trump threatened to bomb bridges</a> or power plants every time Iran shoots at a ship in the Strait of HormuzU.S forces struck Iranian military targets including maritime capabilities, missile and drone storage facilities, coastal surveillance sites, and air defense systems. The strikes further degrade Iran’s ability to attack civilian mariners and commercial vessels.<h2 id="bitcoin-and-xrp-slips-amid-rising-oil-prices-us-treasury-yields">Bitcoin and XRP Slips amid Rising Oil Prices, US Treasury Yields</h2>Two-chokepoint risk for global oil supply caused oil prices to spike above $88 per barrel today. <a href="https://coingape.com/oil-price-hits-5-week-high-as-iran-imposes-naval-blockade-on-saudi-arabia/" rel="noopener noreferrer nofollow">Oil prices are now up</a> more than 31% since July-start, with no signs of an end to the US-Iran war.Meanwhile, the US dollar index (<a href="https://www.marketwatch.com/investing/index/dxy" rel="noopener noreferrer nofollow">DXY</a>) slipped below 101.71 amid inflation concerns from surging energy costs. The 10Y Treasury Yield is approaching 4.70% and a fresh 52-week high, triggering selloffs in Bitcoin price. This puts the 10Y Treasury Yield up over 70 basis points since the US-Iran war began, with markets continuing to brace for an energy shock.<blockquote class="twitter-tweet">30-Year Treasury Yield closing in on its highest level since the run-up to the Global Financial Crisis 🚨 🚨 <a href="https://t.co/8EeHCTctVb" rel="noopener noreferrer nofollow">pic.twitter.com/8EeHCTctVb</a>— Barchart (@Barchart) <a href="https://x.com/Barchart/status/2080072137298018305?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 22, 2026</a></blockquote>Bitcoin fell more than 1% amid Yemen’s attacks in the Red Sea. The price is currently trading near $65,600, with a 24-hour low and high of $65,514 and $66,401, respectively.Furthermore, trading volume has decreased by 9% in the last 24 hours, indicating a drop in interest among traders. Investors await US economic events and the <a href="https://coingape.com/prediction-markets/no-rate-hike-expected-at-july-2026-fed-meeting-market-prices-7-6-odds/" rel="noopener noreferrer nofollow">Fed rate decision</a> for cues on market direction.Meanwhile, XRP price hit resistance near $1.16 again and fell to $1.13. Trading volume has dropped 32% as traders weigh rising Middle East tensions. XRP futures open interest also dropped more than 1% to $2.51 billion in the past 4 hours.Navigating these volatile macro environments requires a dedicated suite of the <a href="https://coingape.com/crypto-tools-for-research/" rel="noopener noreferrer nofollow">best crypto research tools</a> to analyze blockchain transaction volume and market sentiment.<a href="https://coingape.com/author/varinder-singh/" rel="noopener noreferrer nofollow">About the author</a><a href="https://coingape.com/bitcoin-xrp-fall-yemens-houthis-strike-saudi-tankers-red-sea-us-iran-war/" rel="noopener noreferrer nofollow">Bitcoin &amp; XRP Fall as Yemen’s Houthis Strike Saudi Tankers in Red Sea amid US-Iran War</a> originally appeared on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>

Bitcoin & XRP Fall as Yemen’s Houthis Strike Saudi Tankers in Red Sea amid US-Iran War

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