TechFlow News: On April 13, Garrett Jin, the agent of the “1011 Insider Whale,” published an analysis stating that the U.S. government announced a full naval blockade of the Strait of Hormuz, effective 10:00 a.m. Eastern Time on April 13, prohibiting all vessels from entering or exiting Iranian ports. This measure aims to cut off Iran’s oil revenue generated through this energy hub and reverse its current economic advantage in the ongoing conflict.
Over the past six weeks, Iran has imposed high fees on vessels transiting the Strait of Hormuz and restricted energy exports for certain countries, triggering significant volatility in both cryptocurrency markets and global oil prices. This U.S. action will affect market risk pricing for major crypto assets, including Bitcoin and Ethereum.
The analysis notes that although the U.S. holds the initiative, Iran may escalate the conflict, rely on Chinese support, and continue exporting oil via decentralized gray markets—meaning war risks and market volatility will persist.
