The U.S.-Iran situation has come this far, will Iran make concessions? Just now, U.S. allies released oil reserves, causing WTI to plunge below $90, but BZ is still holding near $100. The price gap has widened to $10. What exactly is the market worried about? For now, Iran remains silent and hasn’t responded—probably weighing the pros and cons behind the scenes. Last night, I said the critical moment has arrived. Not sure if any of you jumped in, but if you did, you’ve probably gained a little by now. Of course, it’s not time to ‘pop champagne at halftime’ yet. We still need to see if Iran will make concessions. Judging by the U.S.’s recent moves, Iran’s bargaining chips are getting fewer and fewer. That said, if key news breaks, driving geopolitical negotiations and Europe releases reserves, The short-term drop could still be significant. In that case, WTI falling below $85 is still within reach. If that happens, the risk markets could also get a boost.