Looks like Trump isn’t planning to escalate military suppression but is instead pressuring Iran purely through economic means. This is basically turning into a war of attrition. While Iran is dealing with serious inflation issues, the U.S. and the rest of the world are also facing rising oil prices and inflation. Plus, the U.S. has the midterm elections coming up. The sanctions Trump announced today may seem targeted at Iran, but they also carry a hint of “threat” toward China and Russia. Earlier, I mentioned that I’ve already added positions at Brant $91 and WTI $86. Of course, I’m currently at a floating loss, which is frustrating since this round has felt like a roller coaster ride. But this doesn’t change my judgment on shorting oil. If there’s no military conflict, I suspect high oil prices might persist for a longer period. So, for those shorting, make sure to watch out for liquidation prices. I’m still holding at $120 for both, even though I don’t think it’ll reach that level. Still, be cautious of sudden spikes. Based on the current trend, I feel WTI hitting $90 will be a major threshold. Once it reaches $90, Trump will face even greater pressure, which might even push him to TACO. I feel like Trump is stuck between a rock and a hard place right now. He’s probably hating Israel the most at this point. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFD, prediction markets—all in one platform.