The Wall Street Journal warns of "the most severe energy crisis since the 1970s," bringing a double shock to the crypto market

According to Jinse Finance, on March 9, 2026, The Wall Street Journal published an article stating that the global energy shock triggered by the blockade of the Strait of Hormuz has escalated into the most severe energy crisis since the 1970s. WTI crude oil surged 22% intraday, breaking through $110 per barrel, while European natural gas soared 70% in two days. The risk of global stagflation has risen sharply, creating a dual impact on the crypto market: inflationary pressure and increased mining costs.