Oil Rises, Stocks Waver as US Strikes Kill Iran Deal Optimism

📉 MARKETS — The peace premium built over two weeks is unwinding in real time. 📌 LOOK CLOSER: Brent reversing on strike confirmation means every position built on MOU optimism — rupee gains, Gulf equities, shipping spreads — unwinds simultaneously. With IRGC sailors killed, Tehran's response options are kinetic, not diplomatic. Hormuz full closure is now the base case traders are repricing toward. The July IEA red zone is no longer a warning — it's a calendar.