Iraq, the second-largest oil producer in OPEC, dropped a bombshell quote yesterday: Basra medium-grade crude oil, discounted by $33.4 per barrel directly!

What does that mean? Almost selling oil at a loss! But there’s only one condition — the oil tanker must brave the Strait of Hormuz and pick up cargo deep in the Persian Gulf.
Even more intense, the notice clearly states: “Force majeure clause does not apply.”
Translation into plain language: if it gets bombed or detained on the way, you bear the consequences yourself, don’t come to me for compensation!
What signal is this? The oil pipeline in the Middle East is so tight that it’s now a matter of risking life for discounts.
Crypto fans, do you still think Bitcoin’s volatility is “risk”? The real storm is in the physical world — the Strait of Hormuz ships 20% of the world’s oil daily. If something really happens, oil prices will skyrocket like a rocket, inflation will surge again, and will the Fed dare to cut interest rates?
Risk assets will be the first to get hammered. But conversely, in chaotic times, Bitcoin — this “digital escape ticket” — will be tightly held by those with foresight.