Energy
Multiple outlets report progress toward a U.S.-Iran nuclear/sanctions deal that could restore Iranian crude exports and reopen Strait of Hormuz traffic, pushing WTI down ~3%. If a deal materializes, incremental Iranian barrels (est. 1-1.5mb/d) layered onto existing OPEC+ supply growth would structurally pressure crude prices into year-end.
0 reads·1 theses
Angle
↓ SHORT-8% target+4% stop3-6 weeks, deal-progress dependent
Short high-beta E&P names MRO and OXY on Iran deal optimism — incremental supply overhang makes a bounce a gift to sell.