PANews reported on March 4th that, according to QCP Market analysis, the Strait of Hormuz remains closed, missile exchanges across the Gulf have tightened energy supplies, pushing Brent crude to around $83 per barrel and Dutch TTF natural gas up 50% to $55. Refineries have been attacked and production halted, and shipping insurance companies are withdrawing. The US is considering having the DFC provide insurance and is also considering naval escort. The energy shock is dragging down the AI/technology supply chain, putting pressure on South Korea, which relies on imported energy, with the KOSPI retreating 20% ​​from its high. QCP stated that short-term volatility may continue, and if the lockdown persists, various parties may pressure for reopening. Bitcoin is more resilient than risk assets and may become a leading indicator of stabilizing sentiment.