This is the third leg of a commodity super-cycle: first oil (US-Iran war), now coal, with natural gas and uranium likely next. China's simultaneous coal shortage and green energy push means it will lean harder on LNG imports, tightening global energy markets and strengthening the dollar — a historical headwind for BTC.

Thermal Coal

China's thermal coal prices climbed to a three-year high due to sluggish domestic production growth, disruptions in top exporter Indonesia, and an energy rally driven by the US-Iran war.

China's Thermal Coal Hits Three-Year High as Energy Crisis Broadens

China's Coal Crunch Will Force a Surprise Pivot to Bitcoin Mining, Not Away From It

Europe Imports Mexican Diesel for First Time in Seven Years

Turkey Urges Reopening of Strait of Hormuz as Oil Flows Stall

Equinor CEO Warns Europe's Gas Storage at 15-Year Low

EU Pauses Methane Penalties as Energy Crisis Worsens; Oil Price Prediction Rises

Russia Warns Middle East Tensions Could Spark Record Energy Crisis

Cuba to Receive Largest U.S. Fuel Shipment Since Cold War Embargo

Strait of Hormuz Blockade Slashes Middle East Oil Output by 11 Million Barrels Per Day