A shift after weeks of calm
The attack breaks a stretch of relative quiet. For weeks, the US had held back even as tensions simmered. Now, with launchers poised to drop mines into the strait, Washington decided to act. The strait is a critical artery for global energy, and any disruption there sends shockwaves through oil markets. That's the immediate concern. But for crypto, the ripple effects are less direct.
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Why oil prices hit miners
Bitcoin miners run on electricity, and in many oil-producing regions that electricity comes from natural gas or diesel. When crude spikes, power costs follow. Miners operating on thin margins — and there are plenty — face a choice: eat the higher cost or shut off machines. Some will sell Bitcoin to cover the bills. Miners in the Middle East and parts of the US, where power is often tied to oil and gas, are especially
