U.S.-Iran Ceasefire Signals Emerge — Did Oil Already Price It In?
Crude −2.11% Tuesday on a Sputnik report, unconfirmed by either government, that the U.S. and Iran have agreed ceasefire terms including free navigation through Hormuz, an announcement expected in days. One part is verifiable: the U.S. Navy has cleared mines from the strait. Pressure continues: Bessent unveiled sweeping measures against Iran covering digital assets, gold, aviation and shipping. The risk premium is compressed, not removed. S&P 500 +0.32%, QQQ +0.62%, Bitcoin above $80,000 intraday. Rotate into growth on cheaper oil, buy energy on enforcement, or wait for the data?
Comments