The sharp rise in oil prices (Brent crude at around $110-116 with record monthly gains, WTI at over $100) continues to suppress global risk appetite due to geopolitical tensions (Middle East conflicts, Strait of Hormuz risk, and supply disruptions). In this environment, the crypto market is also operating in risk-off mode; inflation concerns, expectations of a potential Fed interest rate hike, and rising energy costs are directly impacting major coins like Bitcoin and Ethereum.

#OilPricesRise
Oil prices have recently experienced a sharp rise in global markets. West Texas Intermediate (WTI) crude oil reached $110.85 per barrel, gaining approximately eight percent in the last twenty-four hours. Brent oil similarly surpassed the $114 mark, approaching eleven-year record highs. This increase is primarily driven by supply disruptions originating from the Middle East and is profoundly impacting global energy balances.

Experts attribute this rise primarily to the escalating tension between the US and Iran. President Trump's statements regarding potential interventions in Iranian energy infrastructure have created unease in the markets. Approximately twenty percent of the world's oil supply passes through the Strait of Hormuz, and this critical passage has been almost completely blocked for the past three weeks. Iranian retaliatory attacks and strikes on energy facilities have triggered a supply shock and disrupted tanker traffic.

As a result, a rapid contraction in global oil stocks is observed, putting upward pressure on prices. Analysts predict that if the Hormuz crisis continues in the short term, WTI prices could test the $120 threshold. However, they also note that a price correction is expected as supply returns to normal if geopolitical tensions ease.

Market participants are closely monitoring these developments and emphasize that the increase in risk premium could strengthen inflationary pressures on energy costs. Looking at the long term, the expectation of a supply surplus for 2026 remains valid, but the current crisis has temporarily disrupted this balance. Investors and industry players have accelerated their efforts to restructure supply chains and seek alternative routes.

In short, this sudden rise in the oil market is a reflection of classic supply shock dynamics. Data-driven monitoring and risk management have become more critical than ever during this period.