Post #4525

⚠️ Gas prices in Europe jump 50% as Qatar halts LNG production. There are reports that the Strait of Hormuz could be disrupted amid ongoing attacks. For those who don't know, almost 20% of the world's oil supply moves through the Strait of Hormuz. Unlike other routes, it has almost no viable bypass options. If it gets disrupted: China, India, Japan, and South Korea will face an oil shock, as 70%-80% of their oil comes through this route. Saudi Arabia and the UAE will lose their export routes, and only a fraction of it could be diverted. Oil prices could spike above $100/barrel, and in an extreme case, it could even go to $150. I'm eyeing the US stock market open; as of now, BTC and ETH are looking stable. But if escalation continues, a brutal stock market open could happen on Monday, which will crash risk-on assets. @odes_ai