Mid-terms coming up, Iran issue dragging on, SPR depleting rapidly, yields creeping up. Each passing day I do think the risk elevates a little more incrementally. Which we've largely ignored bc we have been allowed to due to the SPR releasing real physical supply by design. Markets have largely brushed it off bc the base case has been this will be resolved, and there were more important matters. AI. There will likely be a point we cross, and have an oh shit moment. Where one day everything is fine, and the next it's not if we can't make some serious progress soon. When you think about risks, this should be the driving ideas behind it. It's always wise to have cash for opportunities that come up, especially if one like this presents itself. And the odds increase incrementally daily.(🐧)