🔥 The Impact of the Israel-Iran Conflict on the World Economy
1. Oil prices could rise to $130 per barrel, according to JP Morgan.
2. Iran currently produces 3.3 million barrels of oil per day, or ~3.5% of global supply.
3. Oil at $130 will likely double US inflation to ~5%.
4. As a result, interest rate cuts are likely to be delayed even further.
5. Closing the Strait of Hormuz is seen as a worst-case scenario.
📈 During periods of rising oil and other energy prices , investors focus on inflationary assets that should survive this inflation with the least losses. Previously, this role was traditionally played by , for example, gold , and now partly by BTC.
🛢 Oil pricesrose nearly 5% today after markets first opened amid heightened geopolitical tensions between Iran and Israel.
🤑 Metaplanet bought 1,112 BTC worth $117.2 million, now the company holds a total of
10,000 BTC.
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