"1011 Insider Whale" agent: Brent crude is still in the first phase, and the key question in the market is "whether the Strait of Hormuz is open."

"1011 Insider Whale" agent Garrett posted on platform X, stating that the current trend of Brent crude oil is still in the first phase, and multiple narratives in the market have not led to substantial changes. For example, the G7's statement that the Strategic Petroleum Reserve (SPR) is "ready to release" more is more of a gesture than a real solution, and expectations regarding a ceasefire remain largely at the narrative level.

There is a lot of noise in the current market, but there is only one truly critical question: Is the Strait of Hormuz open? The answer remains negative. If this key shipping chokepoint continues to be restricted, its duration will become the core variable affecting energy market trading.