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#USIranRiskPremium The market just showed how fragile the oil relief trade really is 👀 Three hours of US-Iran talks helped push Brent below $100, but no deal sent it back toward $103. What caught my attention is how quickly diplomacy is moving oil prices. Every $1 matters beyond energy because it feeds inflation, yields and Fed expectations. For BTC and risk assets, the next catalyst may not come from crypto at all. It may come from whether negotiators can remove the geopolitical premium.