🚨 BREAKING: Oil opened more than 5% lower and briefly dropped below $92 as markets price in a potential U.S.-Iran peace deal and reopening of the Strait of Hormuz.
📉 Traders are aggressively removing the geopolitical risk premium from crude prices as negotiations appear to move closer toward a framework agreement.
⚠️ Oil markets remain extremely volatile, with every headline from Washington and Tehran moving prices instantly.