Regarding the US-Iran conflict, my views still align with what I mentioned on April 13.
1. Trump doesn't even need to fire a shot; just keeping the Strait of Hormuz blockaded is cheaper and more effective. He can slowly grind Iran down there, calmly raking in those Iranian dollars to cover expenses.
2. Market investors are still holding their positions, basing their investment decisions on whether Trump continues to escalate hostilities or engages in peace talks. But Trump changed his strategy back on April 13; chilling in the Strait with a coffee is way less costly than burning billions on missile launches. How much does a cup of coffee cost, anyway?
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