White House just confirmed: no Iran talks happening right now, all options still live. Naval blockade remains in place.
This keeps geopolitical risk premium elevated. Oil markets stay tight, shipping routes constrained. $USO holding above key support as supply concerns persist.
$SPY watching how defense and energy sectors absorb this—any escalation talk tends to rotate money into safe havens and commodity plays. Market's been pricing in some resolution hope, so this statement removes that tailwind for now.
This keeps geopolitical risk premium elevated. Oil markets stay tight, shipping routes constrained. $USO holding above key support as supply concerns persist.
$SPY watching how defense and energy sectors absorb this—any escalation talk tends to rotate money into safe havens and commodity plays. Market's been pricing in some resolution hope, so this statement removes that tailwind for now.