Agent of "1011 Insider Whale": The Hormuz crisis may be protracted, and rising oil prices will reshape global asset pricing.

CoinFeed reported on April 5th that Garrett Jin, an agent for "1011 Insider Whale," published an article titled "Oil is the War," pointing out that the current Middle East conflict is escalating, and the disruption to the Strait of Hormuz may last much longer than market expectations. Rising oil prices are not only a consequence but also a core variable in this round of conflict. As the situation shifts from airstrikes to ground operations, the conflict may evolve into a protracted war of attrition. Iran does not need to win; simply increasing the cost of war will force its adversaries to seek withdrawal. Against this backdrop, the Strait of Hormuz is unlikely to resume navigation quickly, and crude oil supply remains constrained. In terms of price, WTI crude oil has recently been unusually higher than Brent crude oil, reflecting a reshaping of the global supply and demand structure and a shift in Asian buying towards US crude oil. Analysts believe this is not only due to short-term contract factors but also a signal of an overall upward shift in the global crude oil pricing curve.