Markets usually react to headlines.
But the bigger story is what happens after the headlines.
If the US-Iran agreement is formally signed on June 19 and the Strait of Hormuz fully reopens, the impact could go far beyond geopolitics.
Lower uncertainty can reduce pressure on oil markets, improve global risk sentiment, and bring capital back toward growth assets.
The agreement itself is important.
But the real signal is whether both sides can maintain stability after the signing.
Sometimes the biggest market catalyst is not a new opportunity.
It's the removal of a major risk.