The U.S. Navy, following Trump's directive, has lifted the blockade on all maritime traffic entering and exiting Iranian ports and coastal areas. U.S. military forces will no longer obstruct the passage of ships to and from Iranian ports. All U.S. military blockade enforcement operations have ceased. Navy vessels will remain in the region to ensure all aspects of the agreement are adhered to and fully implemented. This means the U.S. has abandoned the blockade on Iranian ports, and Iran has reopened the Strait of Hormuz. Ships can now pass through, but since there’s still work to clear mines and other obstacles, it hasn’t returned to peak conditions yet. At this point, shorting WTI is nearing its endgame. It’s around $75 now, with roughly $10 of room left, but this space might take some time to play out. This time, the moves by the U.S. and Iran were almost entirely unexpected and didn’t align with the publicly disclosed timelines from either side, so I didn’t have time to add to my position—guess I’ll leave it as is for now. I’m planning to hold until it drops below $70. Of course, if the funding rate isn’t too high, I might consider exiting if it breaks below $70. By that stage, there shouldn’t be any surprises left, right? If WTI rises above $80, I’ll continue shorting.