「BTC OG Insider Whale」 Agent: Oil Price Control is a Misconception, Actual Gulf Region Transaction Price Nearing $155

BlockBeats News, March 18th, "BTC OG Insider Whale" agent Garrett Jin posted, stating that the oil price most people are focusing on is misleading. Brent crude is priced at $106, WTI crude is priced at $95, giving the impression that the oil price is under control, but this is only an illusion in the Atlantic Basin. The real pressure is in Dubai and Oman, where the actual trading price is close to $155. Funds flow from Hormuz to Asia, not the West. The dislocation is structural, not temporary.

On March 15th, Garrett Jin stated that the oil price had surged by 45% and recommended longing oil while reducing stock exposure.

According to Bitget market data, after Iran designated Gulf countries' oil facilities as legitimate targets, US and Brent oil prices rose. Brent oil surged over 5% intraday, now trading at $105.7 per barrel; WTI crude is now at $98.7 per barrel, with a 24-hour gain of 3.06%.

According to PolyBeats monitoring, on the prediction market Polymarket, the probability of "WTI crude oil breaking $100 in daily closing price before the end of March" has risen to 82%.