Long oil here as it’s mispriced. The Strait of Hormuz won’t be reopening anytime soon. Iran is already bombing ships trying to get through. There have already been several incidents today. They are also laying mines in the strait and hitting oil refineries across the Gulf. Iran wants oil to go as high as possible to punish everyone globally. They’re calling for $150 to $200 per barrel. The IEA coordinating the release of 400M barrels from strategic reserves across 32 countries is actually incredibly bullish for oil. It shows they are already starting to feel the impact, and Iran knows higher oil prices are one of the most effective ways to inflict global economic pain. America doesn’t decide when this war is over. Iran does, and I don’t think it ends within the next two weeks. Oil will be back over $100 a barrel within a couple of days.