The crypto market could face tougher conditions if an oil shock keeps worsening. A post on X argues that the Iran war has already drained more than 1 billion barrels of supply, while disruptions through the Persian Gulf continue squeezing global flows.

The bigger concern isn’t only today’s missing supply. It’s the emergency inventory being consumed to replace it.

Global Oil Buffers Are Being Drawn Down

Analyst says, the commercial inventories are reported falling, strategic reserves are being trapped, and oil stored at sea is being consumed. Those buffers exist to absorb unexpected Supply shocks. Now they are being depleted.

That matters because every fresh disruption could become harder for the market to absorb. Another refinery…