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Iran can no longer tolerate it at all and has directly announced control over the Strait of Hormuz, which is a response to the recent cozying up between the US and Saudi Arabia, as well as related US-Israel actions. To be honest, the situation in the Middle East is becoming increasingly complex. If a large-scale war breaks out like in March, it could easily spiral out of control, and the geopolitical risks could easily spill over. Now is the time to test the political tacit understanding between both sides—how to prevent the situation from getting out of control under limited confrontation. This is like walking a tightrope; a slight misstep could lead to irreversible disaster. Not to mention the US being deeply entangled in Middle Eastern geopolitics, the global market would panic. Next, we should focus on two lines: Whether Saudi Arabia will advance joining the Abraham Accords, and whether the US will launch new military strikes on Iran's control of the strait. August is approaching, and there is little time left before the September midterm election sprint. Both sides are intensifying their game within a limited timeframe. The saying "when gods fight, the fish suffer" applies to us! #美伊报复循环加速，油价月内累涨20%