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Oil just crashed hard in real time…
US crude prices dropped over 13% to $80 per barrel after Iran officially reopened the Strait of Hormuz.
Markets are pricing in the full unwind of the war premium.
-White House confirms the naval blockade remains until the final deal
-Iran’s IRGC still issuing warnings
-Retail and Gen Z traders calling it the end of the energy shock
The massive oil reversal is hitting portfolios.
Is this the relief rally everyone was waiting for or just the first leg of a bigger move?