Phyrex
Phyrex|Jul 08, 2026 11:16
This afternoon, I was just saying I’d prepare to buy at $75, and here we are. I don’t have any strong opinions about oil prices. Like I said, if the U.S. really wanted to take action or impose sanctions, they wouldn’t need to wait until July 17. Giving an extra 10 days might just mean it’s TACO’s move. Even if prices go up, I’ll still short at the high levels. If they can’t suppress it and things escalate, this time the U.S. will probably aim to secure the Strait of Hormuz first, and then it might not just stop at blocking Iran’s ports. In short, if WTI goes up, I’ll short it. Next target: $78.
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