Russia faces a significant oil logistics challenge as crude inventories pile up at sea. While Moscow can still load tankers with oil, the real bottleneck is getting that crude to international markets. Since late August, the amount of oil floating on tankers has ballooned by nearly 50%, signaling serious constraints in global energy logistics.

This supply-side friction in oil markets adds another layer to ongoing macroeconomic uncertainty. Tighter crude availability and elevated shipping costs could ripple through energy prices, which historically influences broader risk asset sentiment including crypto markets. Worth monitoring how this geopolitical energy squeeze evolves.