Oil shock!
Worldwide, countries are rationing energy like it’s 1973…
BY COINBITS as posted by ZeroHedge
The fiat financial and geopolitical system is showing strain. War in the Middle East has disrupted the Strait of Hormuz, sending oil past $100 a barrel and forcing a reserve dump, which sent prices back down. Worldwide, countries are rationing energy like it’s 1973.
Meanwhile, the private credit mess we flagged last week is accelerating. Five of the largest private credit funds in the world have now halted, restricted, or gated investor redemptions. Blue Owl permanently shut down withdrawals. Blackstone faced a record $3.7 billion in redemption requests. Morgan Stanley returned less than half of what investors asked for. The gates are closing, and billions in capital are trapped behind them.
But there is a bright spot, and it’s a big one. Bitcoin and AI are converging in ways that could reshape commerce entirely. As Matt Corallo wrote this week, bitcoin has a golden opportunity to become the payment rail for AI agents — open, permissionless, and free from corporate gatekeepers.
As written in Forbes this week, “the protocols being deployed right now, in the spring of 2026, will enable the agentic economy the same way that HTTP enabled the web.”
Read Full Article: https://www.thelibertybeacon.com/oil-shock/
