Oil Supply Disruptions Could Lead to Significant Price Increases

On March 8, Garrett Jin, a representative of 'BTC OG Insider Whale,' shared insights on X platform regarding the correlation between oil supply gaps and price hikes. According to BlockBeats, historical data shows that a 7% supply gap in 1973 led to a 300% increase in oil prices, a 5% gap in 1979 resulted in a 150% rise, and a 6% gap in 1990 caused a 130% surge. Currently, the potential supply disruption around the Strait of Hormuz is estimated at 15%, significantly higher than past instances. Most institutional models assume this disruption will last only a few days to weeks, but few anticipate it could extend for months source: https://www.binance.com/en/square/post/299191567128065?utm_source=BinanceNewsRSS