# WTICrude

#USIranNegotiationGame US-Iran Negotiation Game: Oil Whipsaws, Markets Swing, and the Strait of Hormuz Stakes
The 72-Hour Rollercoaster
The last 72 hours have been a masterclass in geopolitical market volatility. On May 27, Iranian state TV reported a framework MOU to reopen the Strait of Hormuz within one month. WTI crude crashed below $89/barrel a 5.7% intraday plunge. Brent fell to $94.91. Stocks hit all-time highs across all three major US indices for the first time in 2026. The deal narrative felt real.
Then Trump dismissed the report. Hours later, US forces struck an Iranian drone operat