Got up early just to check CME oil prices, and it opened at a high of $74.5. My first thought: 'That's it?' Guess I'll check again tonight when the US stock market opens. Good thing I closed part of my position yesterday, or I'd be riding a roller coaster at $73. This also shows that our friends in Asia don't seem to expect the US-Iran conflict to escalate into a full-blown war. But I noticed the spread between Brent and WTI has exceeded $4. If it goes up a bit more, I'll short Brent. If the spread exceeds $5, shorting Brent could offer about $2 in arbitrage opportunities. You can set up positions around $80 or $83 for Brent. Hormuz tends to have a slightly bigger impact on Brent. @Gate Crypto, US stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all-in-one trading platform.