Oil falls over 1% after Trump says talks with Iran ongoing - Reuters
Energy
Oil dropped over 1% after Trump confirmed ongoing talks with Iran, raising the prospect of a sanctions relief deal that would add Iranian barrels to an already soft market. If a deal materializes, Brent faces renewed supply pressure; if talks collapse, the move reverses sharply — making this a high-vol binary rather than a clean trend.
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Angle
↓ SHORT-5% target+3% stop2-3 weeks or until deal outcome clarified
Fade oil-levered E&Ps like MRO and OXY to the short side while Iran deal headline risk persists — supply overhang fears will weigh on high-beta names more than integrated majors.