Don’t compete with Tacos—crude oil doesn’t believe in tears.

Last night, crude oil rose again. No matter whether there is or isn’t a ceasefire, no amount of trash talk—even if it blares—can fill the holes in oil fields and pipelines. Crude oil and natural gas are solid, measurable production losses—material determines mindset; you can’t brush it off with just a few rounds of spiritual Tacos.

Now take a look at the big golden retriever. He’s said all the tough words, with his resolve maxed out, but once it’s time to go into battle, he keeps swaying left and right, shifting and turning. These little tricks— even Iran has had them firmly pinned down for a long time. What about the big leader? Want to sign an agreement that satisfies Iran? Not a chance. So there’s only one conclusion: drag it out—the gate to the Strait stays closed.

So, crude oil’s spot and futures prices converging is the likely direction. Even if the big golden retriever turns Tacos into art and his talk becomes wildly out of bounds—the real world will still teach him a lesson.

Oil is oil, Tacos is Tacos. Don’t mix them up.