Energy Supply Disruptions Impact Markets Amid Hormuz Strait Closure

Energy supply disruptions continue as the Hormuz Strait remains closed, leading to tightened energy supplies due to missile exchanges across the Gulf, according to PANews. Brent crude is priced at approximately $83 per barrel, while Dutch TTF natural gas has surged by 50% to $55. Refinery attacks have halted production, and shipping insurance has been withdrawn. The U.S. plans to provide insurance through the DFC and is considering naval escorts. The energy shock is affecting the AI and technology sectors, with South Korea, which relies heavily on imported energy, experiencing pressure. The KOSPI index has retracted by 20% from its peak. QCP Market analysis suggests that short-term volatility may persist, and if the blockade continues, there may be pressure to reopen the strait. Bitcoin is showing resilience compared to other risk assets and may serve as an early indicator of market sentiment stabilization.