Oil Slides on Iran Supply Hopes as Markets Eye Warsh Fed Signal
๐ MARKETS โ Iran supply return is priced in before a single tanker clears Hormuz. ๐ LOOK CLOSER: Traders front-running Iran supply are pricing a reopening that hasn't happened โ Hormuz minefields remain, loadings near zero, MOU mechanics undefined. Warsh adds a dollar overlay: a hawkish Fed signal strengthens the dollar, compressing oil further. The snapback risk is real if Geneva stalls Thursday.