Today, I added to my WTI position near $90. My Brant ambush order is set at $95, and I’ll keep waiting. Also, I just raised the margin for both WTI and Brant to $120. $120 is the highest price during the current U.S.-Iran conflict. The last time we saw $120 was during the 2022 Russia-Ukraine war. Additionally, WTI’s all-time high was $147, and the highest point in the past 18 years was $130. My view on oil has always been consistent: 'Short at high levels.' The more the U.S. tries to control the trajectory of the war and avoid triggering a broader conflict, the less it benefits the U.S. Right now, the U.S. and Iran are in a state of extreme tug-of-war. The key lies in the Strait of Hormuz. The U.S. hopes to pressure Iran into giving up its 'jurisdiction' over Hormuz as soon as possible, but for a theocratic state like Iran, this tactic might not work. So, there’s a chance oil prices could rise to $100. If it goes above $100, I’ll increase my short positions. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all-in-one trading platform.