Oil is ripping again. Brent near $97, WTI at $92.
This isn't demand. It's pure supply shock.
US-Iran tensions heating up, tanker attacks rising, Strait of Hormuz traffic collapsing. That's 20% of global oil supply choked off right there.
OPEC+ held October production flat. No cavalry coming.
Brent +7.6% last week. WTI +10%.
Here's the crypto angle:
Sustained oil spike = inflation spike = yields up = Fed stays hawkish = risk-off.
$BTC doesn't pump in that environment.
If Hormuz escalates further, this bleeds into everything. Equities, crypto, the whole risk complex.
Watch oil. It's not just an energy story anymore.
This isn't demand. It's pure supply shock.
US-Iran tensions heating up, tanker attacks rising, Strait of Hormuz traffic collapsing. That's 20% of global oil supply choked off right there.
OPEC+ held October production flat. No cavalry coming.
Brent +7.6% last week. WTI +10%.
Here's the crypto angle:
Sustained oil spike = inflation spike = yields up = Fed stays hawkish = risk-off.
$BTC doesn't pump in that environment.
If Hormuz escalates further, this bleeds into everything. Equities, crypto, the whole risk complex.
Watch oil. It's not just an energy story anymore.
