Some Middle East oil is now over $100 a barrel. Here’s how it could affect bitcoin

Murban crude, a key benchmark for barrels that can bypass the Strait of Hormuz, now trades art $103 per barrel. What to know : Murban crude, a key benchmark for barrels that can bypass the Strait of Hormuz, has surged above $100 a barrel, signaling acute geopolitical stress and supply fears. A sustained spike in physically delivered oil prices could spill into broader benchmarks, tighten financial conditions, and pressure risk assets such as global equities and bitcoin.