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

Odaily reported that Garrett, the agent for the "1011 Insider Whale," stated on platform X that the current trend of Brent crude oil remains 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 will open. The answer is still no. If this key shipping chokepoint remains restricted, the duration of this restriction will become the core variable affecting energy market trading.