OIL FUTURES PARE LOSSES; BRENT BACK UP OVER $100 A BARREL, US CRUDE TURNS POSITIVE AFTER WSJ REPORT SAYS IRAN REJECTS U.S. DEAL ON STRAIT OF HORMUZ AS UNREALISTIC

Oil futures rebounded, with Brent crude surpassing $100 per barrel and U.S. crude turning positive following a Wall Street Journal report indicating Iran's rejection of a U.S. proposal regarding the Strait of Hormuz, labeling it as unrealistic. This development heightens geopolitical tensions, impacting market sentiment and risk appetite, particularly concerning supply disruptions in a critical shipping lane for oil. The markets most exposed include energy commodities, especially crude oil, due to their sensitivity to geopolitical risks in the Middle East. Traders will closely watch for any further developments or statements from Iranian officials that could influence negotiations or escalate tensions in the region.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

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