"1011 Insider Whale" Agent: U.S. Blocks the Strait of Hormuz, Global Energy and Crypto Markets Face New Risks

Deep Tide TechFlow News, on April 13, “1011 Insider Whale” agent Garrett Jin posted an analysis noting that the U.S. government announced that starting from 10:00 Beijing time on April 13, the U.S. Navy will implement a comprehensive blockade of the Strait of Hormuz, prohibiting all ships from entering or leaving Iranian ports. This move is intended to cut off Iran’s oil revenue obtained through this energy hub and reverse its economic advantage in the current conflict.

Over the past six weeks, Iran has charged high fees for ships passing through the Strait of Hormuz and restricted energy exports to some countries, causing significant fluctuations in cryptocurrency and global oil prices. This action by the U.S. will affect market risk pricing for major crypto assets including Bitcoin and Ethereum.

The analysis indicates that although the U.S. has the initiative, Iran may continue to export oil by escalating the conflict, relying on support from China, and using distributed gray markets, so the risks of war and market volatility will still persist.