Stocks have been heating up lately, especially AI stocks, but now I’m starting to pay closer attention to energy because it feels like the market could be shifting again.

VP JD Vance just confirmed that a tentative deal between the U.S. and Iran has reportedly been reached, with final approval now depending on Trump.

I mentioned this possibility earlier because the momentum behind the negotiations kept building, and now we’re starting to see it develop over the weekend.

For OIL the picture is becoming clearer gradually. If the deal gets approved, supply conditions could normalize faster and bearish pressure may build as the Hormuz risk premium fades. If the deal falls apart, tensions likely return and oil could spike again very quickly on renewed geopolitical risk.

Either way, I still think volatility is far from over.

I’m watching $CL closely this weekend on making with high leverage. I was bullish on my last oil trade, but right now I’m focusing more on short-term scalps and staying cautious until the headlines become clearer. At the moment, I’m leaning slightly bearish.

What’s your view on oil from here, bullish or bearish?