๐ฅ An oil riot is being prepared in the U.S. Congress: 218 votes against the deals with the Russian Federation!
The United States is on the threshold of a new round of energy war! A large-scale bipartisan demarche is flaring up in the House of Representatives, which can firmly block any attempts to relax restrictions on the import of Russian oil and oil products.
โก๏ธ What happened?
Republican Brian Fitzpatrick announced the preparation of a tough bill - "The Ronald Reagan Act: Peace through Force". The main goal is to impose a total veto on the purchase of any Russian raw materials and diesel.
๐ฃ What's the intrigue and the main mess?
Fitzpatrick is going all the way. In order to prevent the initiative from being blocked in the relevant committees or at the leadership of the Chamber, he launches a rare procedure - Discharge Petition.
The politician says that he is already forming a coalition of 218 congressmen (democrats and Republicans). If the document gets these votes, it will be put to a direct vote bypassing the speaker!
Lawmakers are furious about the recent relaxations on diesel imports: they openly state that such transactions give Moscow billions in revenues and completely undermine the U.S. sanctions policy.
๐ How does it move the markets and cryptocurrency?
1. Oil rally mode: A strict legislative ban from Washington is a direct trigger for a jump in Brent and WTI prices due to the risk of disruptions in global supply chains.
2. Storm for Bitcoin: The surge in energy prices instantly spurs global inflation. And where there are inflationary fears - there are tight Fed rates and high volatility on BTC and altcoins.
3. Focus on hedge assets: During periods of geopolitical shocks, investors actively transfer capital into protective instruments (gold, tokenized raw materials and stable assets).
The United States is on the threshold of a new round of energy war! A large-scale bipartisan demarche is flaring up in the House of Representatives, which can firmly block any attempts to relax restrictions on the import of Russian oil and oil products.
โก๏ธ What happened?
Republican Brian Fitzpatrick announced the preparation of a tough bill - "The Ronald Reagan Act: Peace through Force". The main goal is to impose a total veto on the purchase of any Russian raw materials and diesel.
๐ฃ What's the intrigue and the main mess?
Fitzpatrick is going all the way. In order to prevent the initiative from being blocked in the relevant committees or at the leadership of the Chamber, he launches a rare procedure - Discharge Petition.
The politician says that he is already forming a coalition of 218 congressmen (democrats and Republicans). If the document gets these votes, it will be put to a direct vote bypassing the speaker!
Lawmakers are furious about the recent relaxations on diesel imports: they openly state that such transactions give Moscow billions in revenues and completely undermine the U.S. sanctions policy.
๐ How does it move the markets and cryptocurrency?
1. Oil rally mode: A strict legislative ban from Washington is a direct trigger for a jump in Brent and WTI prices due to the risk of disruptions in global supply chains.
2. Storm for Bitcoin: The surge in energy prices instantly spurs global inflation. And where there are inflationary fears - there are tight Fed rates and high volatility on BTC and altcoins.
3. Focus on hedge assets: During periods of geopolitical shocks, investors actively transfer capital into protective instruments (gold, tokenized raw materials and stable assets).