"1011 Insider Whale" Agent: Brent Crude Still in First Phase, "Whether the Strait of Hormuz is Open" is the Key Variable

Odaily News "1011 Insider Whale" agent Garrett posted on platform X, stating that the current trend of Brent crude oil is still in the first phase. Multiple narratives in the market have not yet brought substantial changes. For example, the G7's statement that strategic petroleum reserves (SPR) are "ready to release" is more of a gesture than a real solution, and expectations regarding a ceasefire also remain largely at the narrative level. There is currently a lot of market noise, but there is only one truly critical question: whether the Strait of Hormuz is open. The answer remains no for now. If this key shipping chokepoint continues to be restricted, the duration of this restriction will become the core variable affecting energy market trading.