Phyrex|Aug 03, 2026 16:16
Although I feel like neither Iran nor the U.S. is being completely honest, there’s indeed a possibility of ongoing negotiations. It’s just that neither side wants to admit defeat publicly. Like I said today, as long as Iran doesn’t make the first move, there’s a high chance we’ll enter another ‘temporary ceasefire,’ followed by discussions on managing the Strait of Hormuz.
If negotiations continue, we could see WTI and Brent drop below $70 this month. If conflict resumes, I’ll continue shorting CLUSDT at $85 and BZUSDT at $90.
Also, a reminder to everyone: unless you’ve reduced your positions, you still need to pay attention to your margin. For now, $100 is the first safety level, but $120 offers higher security.
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