Regarding the oil market, optimism is premature. The Strait of Hormuz is conditionally open: mandatory approvals from Iran and duties are in place.
Trump’s speech gave markets zero clarity — war continues, strikes intensify, no timeline.
Oil rips back above $100.
Stocks rolling over again.
No peace, just escalation.
This downtrend isn’t over.
US and Israel keep signaling that Iran is “open to negotiations” — likely to cap oil prices — but Tehran keeps denying it.
Feels like markets are being propped up on narrative. If talks don’t materialize, Monday could be brutal. And if the Houthis escalate or the US moves to a ground op — that’s full-on bear territory.