Garret Jin, the agent for the '1011 Insider Whale,' indicated that U.S. President Donald Trump's 48-hour ultimatum to Iran regarding passage through the Strait of Hormuz could lead to higher oil prices and increased market volatility. According to NS3.AI, Jin noted that the crude oil volatility index OVX has risen to 93, while the CBOE Volatility Index VIX is approximately 24, resulting in a ratio close to four times.