Rubio's been making calls to foreign counterparts signaling no immediate military strikes on Iran. This matters for oil traders watching $USO and broader market risk sentiment in $SPY.

Whenever Iran tensions ease, crude tends to shed its geopolitical premium. We've seen this pattern before—headlines heat up, oil spikes, then cooler heads prevail and the risk premium bleeds out.

For now, it's a de-escalation signal. Keep an eye on how energy names and defense stocks react in pre-market. If this holds, we might see some rotation out of safe havens back into growth.