Markets just ripped on headlines about a US-Iran deal — Hormuz reopening in 30 days, US forces pulling back.

Classic "sell the war, buy the peace" reflex. Oil probably drops, risk assets bounce.

But here's the thing: MOU ≠ done deal. Implementation matters more than intention. We've seen plenty of frameworks fall apart.

Don't chase the spike. If this holds, you'll have time. If it doesn't, you'll be glad you waited.

Geopolitics rarely resolves cleanly in 30-day increments.