Oil relief trade extends into U.S. morning

CBS said Wall Street's rebound continued and oil sank more than 3% as investors priced Iran-deal hopes. Trading Economics showed WTI below $85 and Brent near $87 on June 12, while both the deal text and Hormuz execution still needed receipts.

Why this matters. Markets are discounting an off-ramp before operational proof exists; the next watchpoints are signatures, Iran approval, port and Hormuz notices, ship tracks, and whether lower crude survives another denial or strike cycle.