Oil Tumbles 3% as Iran Floats Hormuz Reopening Within a Week
Iran has offered to open the Strait of Hormuz within seven days if the United States eases its pressure including taking steps toward ending the U.S. military blockade of Iranian ports and halting military operations in the Strait, a senior Iranian government official told Japan’s news agency Kyodo
Source: OilPrice.com
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DW NOTE
Iran floated a Hormuz reopening timeline exactly one day after WTI fell 8.9% in a week. The timing suggests the price moved first, the diplomatic signal followed. Markets priced in relief before Tehran confirmed anything — which means either someone knew, or the strait was already functionally open and this is just paperwork catching up to reality.