Iran: HORMUZ STRAIT UNLIKELY TO BECOME SAFER

March 10 — On March 9, Larry Jani, Secretary of Iran’s Supreme National Security Council, stated that the security of the Strait of Hormuz cannot be restored so long as the United States and Israel continue military strikes against Iran. Jani made the remarks in a social media post that day in response to French President Emmanuel Macron’s comments about the strategic waterway. “Against the backdrop of the war ignited by the U.S. and Israel, no security in the Strait of Hormuz is possible,” he said, adding that the situation is still escalating in some areas. (Source: FXStreet)

March 10 — U.S. President Donald Trump is set to review plans to curb oil prices as early as Monday, two people familiar with the matter said. Oil prices have surged above $100 a barrel amid the Iran conflict, prompting White House concern that the spike will harm U.S. businesses and consumers — especially ahead of the November midterm elections, where Trump’s Republican Party aims to retain control of Congress. U.S. officials in Washington have been in talks with Group of Seven (G7) counterparts about a joint release of strategic crude reserves, one of several measures under consideration, the sources added. Other options include restricting U.S. oil exports, intervening in oil futures, waiving some federal taxes, and scrapping Jones Act rules requiring domestic fuel to be shipped on U.S.-flagged vessels. Analysts noted that U.S. policy moves will have minimal impact on the global oil market as long as the conflict disrupts shipping in the Strait of Hormuz. Markets Insider

March 10: Per monitoring from HyperInsight, Huang Licheng—known as "Brother Ma Ji"—boosted his ETH long position to 3,775 ETH using 25x leverage. The position is currently worth approximately $7.62 million, with an unrealized profit of $135,000 (+45.5%). Entry price: $1,998; Liquidation price: $1,960.

On March 9th, Arkham monitoring data indicates the Bhutanese government transferred $11 million worth of Bitcoin from its treasury address just two hours ago. The last such transaction occurred a month ago, when the government sold $7 million worth of BTC via QCP Capital. Bhutan regularly sells $5 million to $10 million worth of Bitcoin, with a notably intense selling period in late September 2025.

On March 9th, crypto contract whale pension-usdt.eth has continued to expand its Bitcoin short position, per monitoring from HyperInsight (https://t.me/HyperInsight). The current position totals 1,000 BTC—valued at roughly $69 million. As of now, the position shows an unrealized loss of $92,000 (-0.42%), with an average entry price of $68,884 and a liquidation price of $102,854.

On March 9, Greeks.live analyst Adam announced on social media that three key U.S. macro data points will be released this week: February CPI on Wednesday, weekly jobless claims on Thursday, and the January Personal Consumption Expenditures (PCE) Price Index on Friday. However, the macro event that actually moved markets was the disruption to global oil shipping in the Strait of Hormuz triggered by U.S. military action against Iran. Since last week, major implied volatilities (IV) have surged—BTC’s short-term IV now exceeds 65%, while ETH’s is above 80%, both hitting recent highs. Market volatility expectations for this month continue to climb, and option skew has fallen noticeably in recent days, signaling sustained increased demand for downside protection.