Replying to @AmandaViolet:Hi, thanks for reading my post and sharing your views.  Quite agree that premium has been priced in.  However, with all economies still drawing down on their reserves 7 months into the stalemate, the issue of priced in premium should resurface again after Chinese president concludes his US visit.

That's the problem when Trump spread himself too thin, nothing gets accomplished ultimately.  Plus due to age, his focus is of limited capacity.//@AmandaViolet:TTE does look like a solid anchor here, but a lot of the disorder premium already feels priced in. If tensions cool into 2027, XOM and CVX may not look that different on risk reward