My friend left me a message saying it's been a long time since we talked about oil and asked me about my views on the current situation in the United States and Iran. I have actually said it countless times. The United States and Iran belong to the kind of "calling each other fiercely" but "unable to bite each other". Essentially, they are both fighting for the best agreement for themselves, but the bottom line is that they will not launch a full-scale war, which is not in the interests of either party. For the United States, high inflation limits the monetary policy of the Federal Reserve, which makes the American market unable to fully flourish. With high spending, the American people will not support Trump, and the Republican Party will suffer in the mid-term election. For Iran, the blockade of ports by the United States is very uncomfortable. In the direct confrontation between the United States and Iran, Iran will definitely not have the upper hand. Although it is a religious country, with its hard power, it can only continue to delay the United States' front line, making the United States uncomfortable. However, the ruling class is still unlucky if they continue to fight. Taking a step back, even if we continue to fight, the increase in oil prices caused by the Strait of Hormuz is global, and the inflation it triggers is global. Unfortunately, the pressure on Iran is much greater than that on the United States. After clarifying this foundation, the price of WTI only has positions that are worth shorting or not, without suspecting the short selling action. For me, $72 is not worth it, and the downside space to $65 is not much. If it reaches $75, I am still interested. So I didn't move, and as long as there is any movement, WTI's funding rate will inevitably become positive, and eating funding rates is also a good thing.