Geopolitical tensions remain high, the Strait of Hormuz is closed, and ships are actively being attacked in the Gulf. The temporary market surges based on unverified peace claims are head-fakes; the underlying physical supply risks for crude oil remain completely unresolved. Buying oil is a hedge against the ongoing Middle East conflict and the perceived political manipulation of broader equity markets. Actual, verified de-escalation between the US and Iran could cause oil prices to plummet.
USO
HIGH
Mar 23, 16:04
Key Points
['Underlying conflict remains unresolved', 'Strait of Hormuz is still closed', 'Equity market pumps are viewed as head-fakes', 'Oil serves as a direct geopolitical hedge']
March 23, 2026 at 16:04