BREAKING: Reports say a final US-Iran agreement draft may be reached — including a ceasefire, free passage through the Strait of Hormuz, and gradual sanctions relief.

If true, this could flip the entire oil market narrative. Nearly 20% of global oil flows through Hormuz, and traders have been pricing in chaos for weeks.

Now? Oil volatility is about to explode. Shorts are cheering, bulls are nervous — but one bad headline could still reverse everything in minutes.

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