Post #16003

Oil Whipsaws Lower on Iran Talk Hopes After Weekend Spike Oil opened higher Sunday but saw a sharp reversal lower, with a fast breakdown into the U.S. session. The move was aggressive, with Brent briefly slipping below $100 and WTI toward the high $80s, before attempting to stabilize. Expect continued volatility as markets search for direction. This was a headline-driven unwind. Initial strength flipped into a 10%+ selloff after Trump signaled progress in talks with Iran and delayed strikes on key energy infrastructure. That immediately pulled out the war risk premium priced into crude. But the move didn’t fully stick—Iranian media pushed back on the “productive talks,” leaving markets in limbo. Now it’s a tug-of-war between de-escalation hopes and ongoing uncertainty. Oil is trading purely off headlines right now. Equities, metals, FX, and oil all whipsawed hard. Until there’s clarity, expect unstable price action. - Alan