With the escalation around the Strait of Hormuz, global energy markets are becoming extremely sensitive again.

About 20% of the world’s oil flows through that single shipping route, so any disruption instantly affects prices and market sentiment. Analysts are already warning that production cuts across the Gulf and shipping disruptions could push crude prices toward the $100+ range again.

What caught my attention is how this narrative is starting to appear in crypto as well. Because crypto seems not affected by current tensions in the middle east.

There’s a Solana token called Strategic Oil Supply ($SOS) built around the idea that energy fuels the real economy the same way liquidity fuels crypto markets.

Obviously, it’s a meme narrative, but the timing is interesting: Real-world oil supply risks to global markets react then crypto narratives mirror the same theme. Are geopolitics and commodities becoming a bigger narrative driver for crypto markets again?

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