"1011 Insider Whale" Agent: Oil remains in the first stage, "Whether the Strait of Hormuz is open" is the key variable

2026-03-10 06:21:21

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Odaily Planet Daily reports: “1011 Insider Whale” agent Garrett posted on the X platform that the current Brent crude oil trend remains in the first stage, and many narratives in the market have not brought about substantial changes. For example, the G7’s statement that strategic petroleum reserves (SPR) are “ready to release” more is more of a gesture than a real solution, and expectations for a ceasefire remain mostly at the narrative level. Currently, there is a lot of market noise, but the only truly critical issue is whether the Strait of Hormuz is open. The answer is still no. If this key shipping passage remains restricted, the duration of the restriction will become a core variable affecting energy market trading.

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