Not gonna lie, my sixth sense is pretty spot on. Early this morning, I closed all my short positions on WTI at $90 because I had a feeling things weren’t stable with Iran. Turns out I was right—just as expected, negotiations between the U.S. and Iran hit another deadlock. The U.S. is still blocking Iranian ports, and Iran is still blocking the Strait of Hormuz. This afternoon, I mentioned that I’d add to my position every time WTI goes up by 0.5%. Now I’ve added up to $94. If it hits $95, I’ll hold off for a bit because once it reaches $95, it might head back to $100. I’ll add more after it crosses $100. Personally, I think $95 is a key threshold this time. Even though Trump says there’s plenty of time to take it slow, no one’s more impatient than him. The June FOMC meeting will include a dot plot, and if Waller dares to talk about rate cuts right now, he’d get roasted by Americans and branded as Trump’s puppet by the media. What Trump is doing now is playing a game of endurance with Iran, but with limited time, he has no choice but to keep tightening the screws on Iran. That’s why I personally don’t think WTI can stay above $100 for long. Even staying above $90 is enough to reignite inflation in the U.S., especially with midterm elections coming up this year. Time is running out for Trump.