Iraq's decision to nationalize the West Qurna 2 oil field marks a significant shift in Middle Eastern energy politics. The field, previously majority-controlled by Russian energy interests, accounts for roughly 1% of global oil production—a meaningful portion of worldwide supply. This move could have ripple effects across commodity markets and energy prices. Geopolitical tensions in major oil-producing regions often trigger shifts in capital allocation, with investors reassessing risk exposure across traditional and alternative assets. Energy supply disruptions historically correlate with broader economic volatility, which inevitably influences sentiment in crypto and digital asset markets as traders recalibrate their macro hedges.