Oil Rises, Stocks Flat as Markets Price US-Iran Halt With Skepticism

📉 MARKETS — Oil up, equities flat; traders won't price a ceasefire with no architecture. 📌 LOOK CLOSER: The split signal — energy bid, stocks unmoved — reflects market consensus that the halt is real but fragile. Iran pulled technical delegates; the hotline is unbuilt; Hezbollah has pre-authorized retaliation. Oil traders price the halt as temporary, not structural. Equities need a roadmap to rally; right now there's only a verbal agreement with no enforcement mechanism and a 30-day Hormuz claim still on the table.