Oil rebounds after news of US strikes on Iranian military site - Reuters
Geopolitics
The US has struck an Iranian military site, sending oil prices sharply higher as supply-disruption risk in the Middle East spikes. This reverses yesterday's Iran-deal-driven selloff and reignites a geopolitical risk premium that had largely been priced out.
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Angle
↔ PAIR+5% target-2% stop1-2 weeks, or until de-escalation headlines
Long crude (CL/USO) on US-Iran escalation — geopolitical risk premium is back and yesterday's deal-hope selloff looks fully reversed; short airlines (UAL, DAL) as fuel costs spike.