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#OilBreaks110
WTI crude oil temporarily surpasses $100, driven by rising US–Iran tensions
Ongoing blockade and stalled negotiations disrupt flow through the Strait of Hormuz
About 20% of global oil supplies pass through this route → major supply shock risk
Shipping traffic has collapsed, tightening supplies and pushing prices higher
Market Impact:
Energy markets → bullish (supply squeeze)
Global markets → increasing risk-off sentiment
Inflation concerns → back in focus
@Gate_Square$BTC #GateSquare