Tensions mounting in Iran are blocking any near-term resolution for the Red Sea and Suez Canal reopening. These chokepoints act as critical arteries for global oil and gas flows. With trade routes disrupted, energy prices face upward pressure—a factor that ripples through macroeconomic conditions, inflation expectations, and ultimately, market liquidity across all asset classes including crypto. Traders are watching these geopolitical flashpoints closely as energy costs remain a key variable in the broader economic equation.