A Trump-announced Iran deal has triggered an immediate risk-off repricing in crude oil, with markets anticipating a meaningful increase in Iranian oil supply if sanctions are lifted or eased. The Dow Jones futures are rallying in parallel, suggesting the market is reading this as a net geopolitical positive — reduced Middle East tension, lower energy input costs for industrials and consumers.

The key question is whether the deal is substantive or preliminary, and how quickly Iranian barrels could re-enter global supply. Energy sector names face a headwind from lower oil prices, while airlines, consumer discretionary, and transport stocks could see tailwinds. No enrichment data is available to tighten specific ticker conviction, so the angle remains broad and directional confidence is limited.