Oil showed early signs of cooling off and pulling back slightly during this morning’s session after recent extreme volatility, but the real risk is still far from over. The market remains highly sensitive to every geopolitical headline. It now takes only: - One aggressive statement - One military development - Or one unexpected Middle East headline… …for oil prices to experience violent swings within minutes. What stands out is that even as prices temporarily cool down, the market’s defensive positioning remains elevated because supply disruption risks have not truly disappeared. This is no longer just a supply-and-demand market It has become a real-time reaction machine to geopolitical risk In environments like this: - Oversized positions - Excessive leverage - Or underestimating volatility …can become extremely dangerous very quickly. Right now, the most important thing is not trying to perfectly call the top or bottom in oil. It’s: - Managing risk - Controlling position size - And surviving the sudden volatility shocks that can hit the market at any moment. #USIranNukeDeadlock $CL