In order to make the midterm election loss look less embarrassing, Trump has to symbolically meet with the Iranian delegation this week. If he can push oil prices down before the midterms, it might help him recover some ground. Even if he loses the midterms, he can't just give up on the presidential election two years later. With the Trump family's money-making methods, if the presidency doesn't stay within his party, the Democrats will inevitably come after them. Previously, crude oil fluctuated between $70-$90. After the Houthis made their move in the Mandeb Strait, the central range has risen by at least $10, now sitting at $80-$100. If oil prices drop back to the $80 range, it might be worth considering going long again. After all, this strait is like a powder keg that could explode at any moment, and going long has a much higher chance of winning than going short. As for Trump's claim about negotiating with Iran to lower oil prices after the midterms, it's best to remain cautious. He might indeed ease tensions after the midterms since he won't need to cater to the MAGA base anymore. But at the same time, he could also escalate attacks more aggressively without any concerns. So, the direction of price movement remains uncertain. @BITstocks_CN Buy U.S. stocks on BIT, 10,000+ U.S. stocks and ETFs, real holdings, enjoy dividend payouts.