oiljumps

Oil prices rose for the third session in a row during Asian trading on Wednesday, as US President Donald Trump threatened further military action against Iran and Washington resumed its blockade of Iranian shipping through the Strait of Hormuz.
As of 04:01, Brent oil futures with delivery in September rose 1.7% to $86.15 per barrel, while West Texas Intermediate (WTI) oil futures gained 1.3% and reached $80.34 per barrel.

U.S. President Donald Trump criticized the two largest oil companies in the country—ExxonMobil and Chevron—for record profits due to high oil prices, and urged the companies to lower the price of gasoline for Americans. Trump also accused Chevron’s CEO of not properly acknowledging the role of the White House administration in the oil industry’s successes.

After a Qatari LNG tanker loaded with cargo was attacked during the night of July 7 in the area of the Strait of Hormuz, another commercial vessel was damaged while transiting through this waterway, Bloomberg reports, citing a source familiar with the situation.
According to the agency contact, the incident involves a tanker carrying crude oil flying the flag of Saudi Arabia. The agency contact declined to disclose any details of the incident, including the extent of the damage, as well as its cause.

According to data from the U.S. Energy Information Administration published on Tuesday, crude oil production in the United States reached 13.93 million barrels per day in April, setting a historical record. Producers increased output in response to higher oil prices driven by the war in Iran.
According to the EIA, in April production rose by 216,000 barrels per day. Mexico set a national record: output reached 2.37 million bpd.

$SPCXB $BTC OilReclaims$70BitcoinSpotETFsPost$1.79BOutflowsBitcoinSpotETFsPost$1.79BOutflows#OilJumps $SPCXB

Last week a friend told me he sold some $BTC to “play the oil news” after crude spiked overnight.
That kind of reaction is common when macro headlines hit. Traders see oil ripping, assume inflation fears return, then start rotating capital without a clear plan. A few hours later the market moves again and suddenly both sides of the trade hurt.
Here’s the quiet case study behind the recent #OilJumps chatter. When oil spikes quickly, it often signals geopolitical stress or supply concerns. In the short term, that pushes risk assets into uncertainty. Crypto doesn’t always drop immediately, but liquidity usually thins out. During these moments, stablecoins like $USDT quietly dominate trading pairs because people step back into safety before deciding their next move.
The part many miss is the second phase. After the initial shock, traders start pricing in what higher energy costs could mean for global liquidity and interest rate expectations. That’s when volatility tends to hit majors like $ETH and $BTC a day or two later, not necessarily at the moment oil spikes. People who chase the first headline often get caught in the lagging reaction.
This pattern has repeated through multiple macro shocks: oil jumps, crypto shrugs at first, then the real adjustment happens once broader markets digest the implications. In a market already sitting in extreme fear, sudden macro catalysts can amplify that second wave.
So the real question isn’t whether oil going up is bullish or bearish for crypto. It’s whether traders are reacting to the headline or positioning for the delayed effects.
Anyone else watching how macro shocks like this ripple into crypto a few days later? #OilJumps #USFuturesRise #OilPriceRises

#OilJumps
Oil and crypto shouldn’t be related. One is barrels from the ground. The other is code on a chain. But in 2026, macro is the meta. When WTI jumps 5% in a day, BTC, ETH, and the whole DeFi stack feel it within hours.
Here’s how oil moves → crypto moves.
1. The Inflation Channel: Oil → CPI → Fed → Crypto
Oil is ∼4% of the US CPI basket. A sustained $10 jump in WTI adds ∼0.3-0.4% to headline inflation.
Crypto impact: Higher inflation = Fed keeps rates elevated = “risk-off”. Growth/tech assets get repriced first. BTC’s 90-day correlation to Nasdaq is ∼0.6, so it trades like a high-beta tech stock, not digital gold.
Example: WTI at $69.23 ↓ 3.7% = inflation relief trade = crypto relief rally. WTI $80+ fast = stagflation fear = crypto selloff.
2. The Geopolitical Channel: Supply Shock vs Safe Haven
Oil spikes for 2 reasons. Crypto reacts opposite to each.
**Oil Jump Cause** **Crypto Reaction** Why
Supply shock War, OPEC cuts, Strait risk BTC down first, maybe up later Liquidity leaves risk assets → BTC sold to raise cash
Demand surge Global growth boom Crypto up “Risk-on” capital flows back in
The “BTC = digital gold” hedge only kicks in after the initial margin call. In March 2022, oil hit $120 and BTC dropped to $34k first.
3. The Miner Channel: Energy Cost = Bitcoin OPEX
∼50% of Bitcoin mining cost is energy. When diesel/gas ↑, ASICs get more expensive to run.
Crypto impact: Public miners like $MARA, $RIOT see margins compress. To stay solvent, they sell BTC treasury. More spot sell pressure → BTC price underperformance vs ETH. In oil spike quarters, BTC dominance often bleeds.
4. The Risk Regime Channel: Recession vs Growth
Oil can jump because demand is dying, not booming.
Bad jump: Oil ↑ on supply fears + equities ↓ = recession trade. Crypto, being the most liquid risk asset, leads to the downside.
Good jump: Oil ↑ on China reopening, travel, capex = growth trade. Crypto rallies with it.
So What Should Crypto Traders Watch?
1. WTI $75-$80 level: Above this, inflation headlines return and BTC faces macro headwinds.
2. BTC:WTI correlation: If it flips positive for >30 days, we’re in “growth” mode. If negative, we’re in “fear” mode.
3. Miner ETFs vs BTC: If $WGMI underperforms BTC during an oil spike, energy cost is biting.
Oil is still the world’s risk thermometer. When it jumps, crypto gets tested on 3 fronts: inflation policy, geopolitical fear, and mining economics.
Crypto won’t decouple until its market cap is big enough to ignore Fed policy. We’re not there yet.
Not financial advice.
$TSLAB

The Prime Minister of Iraq will travel to Washington on Monday to strengthen strategic relations with the United States. During the visit, a number of agreements in the oil and gas sector are expected to be signed.
The agreements include several memorandums of understanding in the oil and gas sector. Iraq is preparing to attract a number of American companies that will help boost the country’s oil production capacity, a government official, Haider al-Abadi, said.