Kevin Pando @Kevin_Pando: "Bessent says there may be..."

Italy

Bessent says there may be deal Tuesday or Wednesday to open Strait of Hormuz with ‘freedom of movement Qatar confirmed that a draft proposal for a short-term U.S.-Iran agreement is now being circulated among the parties, while U.S. Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz with "freedom of movement" for commercial shipping could come as early as today or tomorrow. The market reaction was immediate. Oil prices dropped around 4%, as investors started pricing in the possibility of lower geopolitical risk and a normalization of one of the world's most important trade routes. U.S. stock futures also moved sharply higher, reflecting hopes that easing tensions could support both global growth and lower inflation. The Strait of Hormuz handles roughly 20% of global oil shipments, but it's also a vital corridor for LNG, refined products, fertilizers, and industrial gases. Reopening it without restrictions would help stabilize supply chains far beyond the energy sector. Of course, investors should remain cautious. Similar breakthroughs have appeared close in recent months before negotiations stalled. Until an agreement is officially signed and implemented, volatility is likely to remain elevated. What do you expect next? $SPX500 $NSDQ100 $DJ30 $RTY $OIL $NATGAS

Not investment advice. The author may have financial interests in the mentioned instruments.

Oil below $75

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Stocks rally

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Limited market impact

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Talks break down again

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