Analysis: Trump's "48-hour ultimatum" may trigger increased volatility in the oil market, raising the risk of escalating conflict.

CoinFeed reported on March 22 that Garrett Jin, an agent of "1011 Insider Whale," posted on the X platform that Trump has issued a 48-hour ultimatum to Iran, demanding the full resumption of navigation in the Strait of Hormuz. The situation has clearly escalated, and overall, oil prices and market volatility are likely to continue rising, with the conflict expected to last longer. He summarized this move as having three key impacts: First, the diplomatic buffer has been broken, potentially ending the previous low-key negotiation path between Iran and Japan regarding the passage of ships one by one; second, the nature of the conflict has escalated, and if the attack expands to civilian infrastructure such as power plants, it will strengthen Iran's position and increase the probability of a protracted war; third, oil market volatility has soared, and market mismatch has intensified. The crude oil volatility index (OVX) has risen to 93, while the Chicago Board Options Exchange Volatility Index (VIX) is approximately 24, a ratio of nearly four, indicating that the risk in the oil market far exceeds that of stock market pricing.