Major easing signals have come from the Strait of Hormuz. Oman has proposed a joint management plan for the strait to Iran, and the risk of an extreme blockade has been greatly reduced.

The geopolitical panic premium that the market had previously priced in is starting to fade, bringing short-term downside pressure on oil and safe-haven assets.
But be sure to recognize that at this stage, it is only a proposal to negotiate—no agreement has been finalized, and uncertainties remain in the situation.
External news will only cause short-term sentiment swings. What truly determines the pace is still the market trend itself—do not blindly change your established positioning based on a single headline.