According to The Kobeissi Letter, approximately 6.5 to 7.5 million barrels per day of oil production could be rerouted through pipelines, yet this still represents a 65% drop in output, or about 13% of global supply (source: The Kobeissi Letter, June 22, 2025). If the closure persists, oil prices could spike to $150-$200 per barrel, leading to significant volatility across financial markets. Historically, such oil shocks have sparked increased interest in cryptocurrencies like BTC and ETH as alternative assets, suggesting traders should closely monitor both energy and crypto markets for correlated price movements.