Iran says draft U.S. deal would reopen Hormuz shipping, end naval blockade - Reuters
Geopolitics
Iran reports a draft U.S. deal that would reopen the Strait of Hormuz and end a naval blockade, signaling a potential de-escalation of one of the world's most critical oil chokepoints. If confirmed, this removes a significant geopolitical risk premium from crude prices, pressuring energy equities while lifting tanker/shipping risk sentiment.
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Angle
↔ PAIR-4% target+3% stop1-2 weeks, pending deal confirmation
Short crude via USO and XLE on Hormuz risk-premium unwind; long tankers FRO/STNG on restored shipping volume.