Compared to semiconductors, I still prefer oil. Mainly because it’s straightforward and simple—less hassle, less worry. From the current situation, even though the U.S. and Iran are still at odds, and Iran is restricting traffic through the Strait of Hormuz, WTI prices continue to drop. Today, it’s still staying below $72, especially now that U.S. stock trading hours have started. This shows that major global investors, including those in the U.S., see this conflict as just a minor episode that won’t have much impact on oil prices. So even though there’s still some tension, oil prices just refuse to go up. Shorting WTI at $75 is not only profitable but also earns some funding fees every day. Pretty nice. https://(x.com)/MarineTraffic/status/2075574467833602318/video/1