Oil prices plummeted, what happened?

# Long Yue

Source: Wall Street CN

Overnight, a barrage of headlines about **U.S.-Iran contacts** and **Strait of Hormuz shipping resumption** hammered WTI crude oil from above $102 to below $94. Markets are scouring signals—including potential shipping recovery, Trump’s negotiation remarks, and U.S. “exit options” from the war—for signs of de-escalation. Yet Iran continues to deny contact with the U.S. and insists it has not requested a ceasefire.

PREVIOUS：Xingzheng Wang Han: Seven judgments on the fi NEXT：Dalio posted: The ultimate battle! Everything