Loading crude onto a vessel is straightforward. Unloading it? That's where things get tricky for Moscow.

Russian oil is backing up across the seas—shipments are outpacing actual deliveries, and tankers are stacking up with nowhere to offload their cargo. This supply-side crunch reflects deeper logistics challenges in the energy market.

When global commodity flows hit friction like this, it ripples across asset classes. Energy price volatility tends to correlate with macro uncertainty, which ultimately flows through to risk assets including crypto. Worth watching how this develops, especially if it compounds existing inflationary pressures or shifts capital allocation patterns.