Iran's Hormuz Bypass, Massive Crypto ETF Inflows, India Eases IPO Rules

Market News
1. Iran will use alternative ports to bypass the U.S. blockade of the Strait of Hormuz, while Fujairah's oil inventories drop to a 9-year low, indicating potential oil supply tightness.
2. U.S. Spot Bitcoin ETFs recorded a net inflow of $411.4 million, signaling strong bullish sentiment and rising institutional interest in the crypto market.
3. India is making it easier for companies to reduce IPO sizes by up to 50% in response to worsening market sentiment due to the Iran conflict.