ChainCatcher News reports that QCP stated that the ongoing closure of the Strait of Hormuz has led to rising energy prices, with Brent crude reaching $83 per barrel and Dutch natural gas prices increasing by 50% to $55, severely impacting the global supply chain. This conflict has exposed vulnerabilities in the AI and tech industries. South Korea, a major semiconductor producer, has seen its KOSPI index drop 20% from its high, with key stocks Samsung and SK Hynix heavily affected by energy supply disruptions.
Notably, during market turbulence, Bitcoin has shown strong resilience and may serve as an early indicator of a shift in risk appetite. Analysts expect continued market volatility over the next week, but due to global reliance on chips, semiconductors, and AI-driven growth, all parties are expected to pressure Iran to reopen the Strait of Hormuz. China has urged Iran to keep the strait open.
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