#OilTops100 Oil crosses the symbolic barrier of 100 dollars.
This increase is not just an energy statistic but rather a major macroeconomic signal.
The war in the Middle East threatens strategic oil routes, notably the Strait of Hormuz through which a significant portion of the world's oil transits. Markets are therefore anticipating a supply shock and higher inflation, reports The Guardian.
Historically, each spike in oil prices produces three effects: global inflationary pressure, a drop in stock markets, and the search for alternative assets.
It is often during such turbulent periods that investors' attention turns to digital assets.
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