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Why Is WTI Up 1.5% When a US-Iran MoU Looks More Likely by the Day?
Trump has floated a Hormuz MoU "within a week" at least three times — yet WTI surged +1.46% to $93.51 on June 2, capping a two-day, 7% rally. The market's verdict: words and barrels are two very different things.