Brent Oil Prices Rise Above $105 Amid Reports of Iran Strike

WHY IT MATTERS

Even though this story is about oil rather than crypto directly, energy prices affect the entire global economy. Think of oil prices like a thermostat for economic activity — when they spike, it can raise costs for businesses and consumers everywhere, which can lead to higher inflation. Central banks may respond by raising interest rates, which tends to affect all investment markets, including crypto. For crypto miners who use large amounts of electricity, higher energy costs also mean higher operating expenses. So while oil and crypto may seem unrelated, big moves in oil prices can create ripple effects that reach the crypto world.