I was awakened again today by international news. Oil prices surged to $99/barrel, and with the outbreak of war in the Middle East, the global supply chain is shaking vigorously. Should miners' electricity costs rise? Should those energy concept projects in DeFi wake up?

Executives from American oil giants rushed into the White House, warning the Trump administration that the Iranian oil crisis could worsen further.

CEOs of ExxonMobil, Chevron, and ConocoPhillips stated in a meeting last Wednesday: If the Strait of Hormuz gets blocked again, one-fifth of global oil transportation will be directly halted, oil prices will keep soaring, and there will soon be a shortage of refined oil.

No matter how loudly Trump shouts "drill baby drill," digging a few more wells domestically won't help in an emergency; the measures from the White House cannot hold in the short term.

This situation carries the taste of reality hitting stocks in the face. When geopolitical issues flare up, the lifeline of energy is in the hands of others. In the short term, oil companies might make a fortune, but when global economic inflation rises, consumers, the stock market, and the cryptocurrency world will all suffer.

However, from another perspective, this may not necessarily be a bad thing for us crypto players. High oil prices = high inflation expectations, and $BTC as digital gold might soar along, as it has already rebounded to 73600 today.

Miners need to quickly calculate electricity costs. On-chain projects related to energy, such as those related to oil and gas tokens, might seize this opportunity to emerge?🤔

In short, the signal for crisis escalation has already been lit. What do you think? Should we quickly stock up on safe-haven assets, or focus on oil price-related opportunities to buy at the bottom? Let's discuss in the comments section～