The Iraq-Iran energy crisis has erupted. Baghdad has stopped buying natural gas from Tehran, and this move triggers a sudden rise in global energy prices. As the volatility of the oil, natural gas, and raw materials complex increases, macroeconomic uncertainty is also reflected in the crypto market. Geopolitical tensions are intensifying stagflation pressures—which can accelerate investors' shift towards alternative assets. Energy crises create a domino effect in the economy; costs rise and liquidity tightens.