WTI/short
US-Iran direct talks signal de-escalation, removing the Hormuz war premium that has driven oil up 74% YTD.
*TRUMP: US OFFICIALS SPOKE TO IRAN THIS AFTERNOON
Peak+0.8%
Breaking news: Trump says US officials spoke to Iran — routed as a short on WTI crude oil, where the entire 74% YTD rally is a Hormuz war premium that direct diplomacy directly threatens.
original*TRUMP: US OFFICIALS SPOKE TO IRAN THIS AFTERNOON