🚨 THIS COULD PUSH OIL EVEN HIGHER. 👀
Saudi Arabia has temporarily shut down its East-West oil pipeline after a drone attack, while the Houthis are tightening their grip around the Red Sea shipping route.
That puts even more pressure on global oil flows at a time when Brent is already back above $100. 🛢️
And here's why crypto traders should care: higher oil prices → more inflation pressure → higher yields → potentially less room for the Fed to ease.
The market is getting another major macro headache. 🌋
#bitcoin #crypto #oil #MacroNews #A1XO
Saudi Arabia has temporarily shut down its East-West oil pipeline after a drone attack, while the Houthis are tightening their grip around the Red Sea shipping route.
That puts even more pressure on global oil flows at a time when Brent is already back above $100. 🛢️
And here's why crypto traders should care: higher oil prices → more inflation pressure → higher yields → potentially less room for the Fed to ease.
The market is getting another major macro headache. 🌋
#bitcoin #crypto #oil #MacroNews #A1XO
