The 2 percent futures bump ignores the lack of binding enforcement mechanisms
Iran secured maritime service fees that essentially formalize a permanent transit toll
The blockade removal is conditional on a ceremony that has yet to be scheduled
Oil prices dropped 5 percent but underlying inventory levels remain at 45 year lows
Market participants are front-running a deal that lacks institutional trust
Hyperscalers are utilizing the geopolitical relief to provide exit liquidity to retail
This is a classic sell the news event rather than a structural fix for energy markets
Volatility in the Strait of Hormuz will likely persist until actual shipping flows normalize