Slept straight through to the afternoon, and after waking up, I went through all the news I missed. Turns out, Iran’s level of cooperation isn’t very high. It’s quite possible this is just another round of unilateral U.S. propaganda. But judging from various signs, there has indeed been some substantive interaction between Iran and the U.S. this time. However, there are still two unresolved details: 1. Who will manage the Strait of Hormuz. Iran claims it will manage it, while the U.S. says it’s giving Iran 30 days to 'wrap things up.' But no matter how you look at it, WTI prices are likely to see some fluctuations. 2. The enriched uranium issue. This seems to be the main reason why the U.S. and Iran haven’t fully reconciled yet. Based on current information, the U.S. might offer Iran a small concession. The specifics are unclear, but it’s likely not enough to satisfy Iran. Looking at these two points, even if the Strait of Hormuz can resume passage before the market opens on Tuesday, it’s probably going to take some time for WTI prices to drop back below $80. So, I’ve started shorting again from $91. Same strategy: if WTI continues to rise, I’ll keep shorting at higher levels. Roughly every $0.5 increase, I’ll add to my position. No specific target price, but my gut feeling (not necessarily accurate) tells me I might catch a position at the top. Although I’m shorting CLUSDT on Binance, I’d still recommend using a broker if your target price is below $80. This time, it might take a while, and the funding fees on exchanges probably won’t be cheap.