The ongoing conflict in the Middle East, now entering its second week, has led to significant disruptions in the global economy, particularly affecting oil prices. Reports indicate that Iranian attacks have spread to sea, with strikes on various cargo ships in the Gulf, pushing oil prices near the $100 mark. Iranian officials are warning that prices could soar to $200 per barrel if attacks on energy infrastructure persist. The U.S. has responded with military actions against Iran, intensifying the crisis. As concerns mount over the safety of shipping through the Strait of Hormuz, which is vital for global oil transport, the market braces for potential prolonged disruptions. Analysts suggest that if the hostilities continue, we may witness an unprecedented oil shock that could impact various sectors, including cryptocurrencies. Meanwhile, the Pentagon has reported significant operational costs associated with the conflict, raising alarms about the sustained economic fallout.