The main conflict right now is still centered around the issue in the Strait of Hormuz. Iran announced earlier today that it has closed the Strait of Hormuz, while the U.S. has redeployed its fleet to ensure safe passage. From my personal understanding, Iran seems to be addicted to the profits from Hormuz. After the U.S. attack, Iran just confirmed it has struck a U.S. military base in Oman. The situation could escalate in the short term. For now, the oil price reaction on CLUSDT isn’t very strong, still hovering around $73.5. But since it’s the weekend, it doesn’t reflect the real price of WTI. Once CME opens tomorrow, there’s a good chance prices will spike. I just closed 80% of my short positions and set up new positions at $75 and $78. If prices continue to rise, I’ll keep shorting at higher levels. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all in one platform!