commadities

#Oil just crashed — hard. 🛢️
Crude dropped 32% in a single day, falling from $1 19 to $81 and wiping out weeks of gains within hours.
The sell-off came after reports of progress in US–Iran ceasefire talks, which could reopen the Strait of Hormuz and quickly restore global oil supply.
Heavy long positions were liquidated, leverage got flushed, and panic selling accelerated the drop.
Now the market is asking one thing:
Was this a real reversal or just a liquidation shock?
If tensions ease, oil could slide further.
If conflict returns, prices may rebound just as fast.

#OIL #energymarket #Commadities