🚨BREAKING: Oil just got the headline every bear was waiting for.
Al Arabiya reports a final draft US–Iran agreement is done — reportedly:
immediate ceasefire
guaranteed free passage through the Strait of Hormuz
gradual Iran sanctions relief
more talks on unresolved issues
If true, this is a major narrative flip.
The Strait of Hormuz moves ~20% of global oil. Weeks of pricing = fear, disruption, geopolitical risk.
Now it’s de-escalation — and oil volatility could go wild.
Shorts are cheering. Bulls are sweating.
But the market doesn’t fully trust it yet: one contradiction, one strike, one rejected clause… and crude can reverse fast.
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#iran #US #markit #SECDelaysEventContractETFs #TrumpMediaBTCFaces455MLoss