The ongoing conflict between the United States, Israel, and Iran has resulted in global oil shortages, making Bitcoin mining more expensive. The Strait of Hormuz, a vital artery connecting the Persian Gulf to the global market, has been severely impacted by a naval blockade and increased military activity. This disruption has implications for energy prices. Since the outbreak of hostilities, oil prices have risen above $100 per barrel, creating a significant inflationary shock for the global economy. Meanwhile, for the cryptocurrency industry, the impact is even more nuanced and powerful. Bitcoin mining involves the use of high-performance computers to solve complex mathematical puzzles to secure the network and earn rewards in the form of new coins. However, the global oil shortage has other ways of directly impacted Bitcoin mining. The conflict has highlighted a disparity in global mining economics, with Iran's monopoly on electricity and heavily subsidized electricity rates.