Oil Drops as Trump "Productive" Iran Talk Comments Ease Supply Fear

🛢️ MARKETS — Oil falling while Hormuz is still closed defies the physical reality. 📌 LOOK CLOSER: Trump's "productive" signal moved prices before any ship moved. Brent had been holding above $100 on war premium — a verbal de-escalation now shaves that premium despite zero change in transit volumes. The gap between price and physical supply is the market betting on Trump's credibility. If Iran's reply disappoints, the correction snaps back hard.