Brent just got wrecked. Down 5.26%, broke $80, closed at $79.36. Sharpest two-day drop in weeks.
Why? Market's pricing in U.S.-Iran deal progress. Strait of Hormuz reopening means trapped Gulf supply suddenly looks available again. Risk premium getting yanked out fast.
This matters. Brent sets global oil prices. Move this size hits gas pumps, inflation data, energy stocks, and every petro-state budget.
Markets don't reverse this hard on noise.
Why? Market's pricing in U.S.-Iran deal progress. Strait of Hormuz reopening means trapped Gulf supply suddenly looks available again. Risk premium getting yanked out fast.
This matters. Brent sets global oil prices. Move this size hits gas pumps, inflation data, energy stocks, and every petro-state budget.
Markets don't reverse this hard on noise.