Oil drops as Iranian state TV says it has seen draft deal with US to reopen Hormuz - Yahoo Finance
Energy
Iranian state TV reported a draft deal with the US to reopen the Strait of Hormuz, sending oil sharply lower before the White House denied the report — leaving markets in a confused, headline-driven state. The net setup is a risk-premium bleed-out in crude if a genuine deal progresses, pressuring upstream E&Ps while refiners and airlines catch a tailwind.
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↔ PAIR+6% target+3% stop1-3 weeks, deal-headline driven
Fade the oil risk-premium via short USO / long UAL pair into any confirmed Iran-US deal headline — crude loses $5-8 geopolitical floor while jet-fuel cost relief turbos airline margins.