Oil just exhaled. Brent's down over 5% to $108.17 after that ceasefire news let the Strait of Hormuz breathe again—no more supply chokehold panic from the Middle East mess. I've been watching this spike up to $114 like a hawk, figuring any de-escalation would unwind it fast. And here we are, traders dumping longs as the fear premium evaporates. WTI's tagging along, dipping to about $102. Feels like that classic geo-risk relief rally in reverse—pure positioning unwind. What's got my attention: energy names could drag lower if this holds, but any whiff of truce wobble and we're back to volatility city. Second-order play—watch how this filters into broader risk appetite. Equities might catch a bid if oil stays tame, easing inflation whispers. But I'm not calling bottoms; OPEC's still lurking, and demand signals are meh with global slowdown vibes. Anyone riding oil options or energy ETFs seeing the same? This dip sustainable, or just a breather before the next headline rips it higher?

#WatchOutFor

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