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#IranStrikesIsraelOilPriceRises On June 7th, Iran launched missiles towards Israel in response to attacks in Lebanon. All were intercepted, but oil prices jumped +3.6% (Brent at $96.47). The Strait of Hormuz, through which 20% of the world's oil flows, has effectively been closed since February.
🔥 THE BIGGEST ENERGY SHOCK IN 50 YEARS
The European Central Bank warns that this crisis is LARGER than the previous three combined (1973, 1979, 2022). Nearly 1 billion barrels have been lost, and Saudi Arabia states that stability could take until 2027.
⚠️ WHY DOES IT MATTER IN CRYPTO?
Oil ↑ → Inflation ↑ → Rates ↑ → Liquidity ↓ → Risk assets ↓
· The probability of a rate hike in the U.S. has jumped from 26% to 43%
· JPMorgan forecasts oil at $130-$140 if the conflict escalates
· For now, fear reigns: BTC drops alongside equities
🧠 TWO VIEWS
· Optimistic (Arthur Hayes): "Bitcoin is digital energy. If oil rises, BTC will be worth more in dollars" (like gold +380% in the 70s).
· Pessimistic: War → risk aversion → selling everything volatile. BTC drops.
Will Bitcoin be the digital gold of this crisis? 👇
#OilPrice