Today was originally the scheduled effective date for the ceasefire agreement.however, with frequent reports of hostilities surfacing over the weekend, it is abundantly clear that neither side possesses any genuine sincerity regarding peace talks. Consequently, the Strait of Hormuz is set to remain closed. Furthermore, announcements by major Middle Eastern oil producing nations regarding increased production have failed to drive down oil prices. I hereby declare that the biggest winner of this entire crisis is Russia. Damn it,why on earth did I miss go long on oil?