Ukraine disrupts Trump's oil stability plan, Bitcoin macro risk soars On March 27th, Ukraine disrupted President Trump's efforts to stabilize the oil market during the Iran conflict, amplifying global financial market risks including cryptocurrency. In the past month, the market has been shrouded in a single concern: the Iran conflict. The transportation of the Strait of Hormuz, the throat of global oil transportation, has been blocked, driving up oil prices significantly and exacerbating market panic about inflation stickiness, rising risk aversion, and the Federal Reserve raising interest rates again. To ease the situation, the Trump administration quickly lifted sanctions on Russian crude oil in the short term and opened up supply to make up for the oil supply gap caused by the Iran conflict. This was originally a prudent plan to stabilize the energy market, but it was completely disrupted by Ukraine. This week, Ukraine launched drone attacks on ports and refineries in Leningrad Oblast, Russia. Observers say this is the "most serious threat" to Russian oil exports since Putin's full-scale invasion of Ukraine in 2022. The losses caused by the attack were enormous, with about 40% of Russia's oil export capacity coming to a halt. Michael Kern, editor of Oilprice. com, stated that this is "primarily a logistics issue, followed by a supply issue," highlighting the current difficulty of transporting oil to buyers, which is on par with the difficulty of producing oil.