Average position around $90, all cleared. Worried there might be some back-and-forth. If WTI goes up, I’ll short again. Right now, funding rates are too high, and there are too many uncertainties, so I’m stepping back for now. Iranian media refutes Trump’s claim that the Strait of Hormuz will fully reopen Iran’s semi-official Fars News Agency reported that Trump’s claim about the Strait of Hormuz fully reopening as part of a peace deal with Tehran is “far from reality.” “Based on the latest exchanged texts, if a potential agreement is reached, the Strait of Hormuz will still be managed by Iran,” the statement said. “Although Iran has agreed to restore the number of passing ships to pre-war levels, this does not mean a return to the pre-war state of ‘free passage.’ “The management of the strait, determination of routes, timing, methods of passage, and issuance of permits will remain entirely under the control and discretion of the Islamic Republic of Iran. Therefore, Trump’s statements in this regard are incomplete and inconsistent with reality.”