I think crude oil is very likely to follow a similar pattern to gold/silver last month, experiencing a sharp drop followed by a significant rebound. If Iran were truly prepared to follow this path, they wouldn't have chosen someone whose father, wife, and daughter were killed by the US as their new supreme leader. It's truly unbelievable how Trump can succeed in this round of TACO (Taiwan independence). As long as the war continues, controlling oil exports will be Iran's biggest countermeasure.
I haven't established a position yet; I plan to wait three or four days to see how things develop. Anyone have a different opinion?