Energy
Oil prices are falling ~2% on expectations of a possible US-Iran ceasefire deal that could ease geopolitical risk premiums and unlock Iranian supply. If a deal materializes, Brent crude faces meaningful downside as supply/demand balances shift, pressuring oil-leveraged equities while benefiting refiners and consumers.
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Angle
↓ SHORT-5% target+3% stop1-2 weeks, event-driven
Short XLE or USO near-term as Iran deal speculation removes geopolitical premium — rally in crude looks capped until talks collapse or stall.