It's very clear now that TACO and de-escalation are not happening in the short-term as US & Israel are driven to pummel Iran until Iran submit to overwhelming display of strength by them. Time will tell whether this strategy works but we are in for further supply chain disruption for the next few weeks. "The Trump administration is considering plans to occupy or blockade Iran's Kharg Island to pressure Iran to reopen the Strait of Hormuz, four sources with knowledge of the issue tell Axios."(Arthur)