I have awaited in the depths to return for a strong enough reason. The Strait of Hormuz shipping channel is currently experiencing disruptions at a magnitude forecasted as near impossible by your average ivy-league coke-addicted commodity desk douchebag. Simply put, \*hundreds of tankers are awaiting pass through on both the Gulf side and coastline exits\* (proof linked) this situation does not seem to be resolving rapidly enough to prevent Covid-level structural cost inflation for the tankers, has and will continue to impact the \*\*\*20% of the worlds oil supply\*\*\* by record prices.
Let me reiterate, this situation is unfolding in real time. Air strikes are still happening, dead US soldiers are confirmed, Gulf states are running out of missile defense ammo while entire ports and oil processing facilities are blown the fuck open.
\*\*\*There is a high likelihood this will result in the highest oil prices that we have ever seen\*\*\*
With that being said, integrated oil companies are the play, just like the last time five years ago I posted telling people to buy oil when it was negative. Shares and leaps are your friend here. Stay away from the tanker trade, per usual.
TL;DR Oil to $100-$150 within the next few months (or weeks, if Iran keeps obliterating the oil facilities around the middle east while the US withdraws, and actually attacks tankers attempting to cross the strait as they threatened yesterday)