Oil didn’t turn green because traders suddenly became bullish on demand. It turned green because the market realized the Strait of Hormuz risk never actually left the table. That’s the part people keep missing. This entire move is being driven by probability repricing, not fundamentals. The moment reports came out that Iran rejected the reopening proposal, the market immediately started recalculating worst-case supply disruption again. You can literally see it in the chart. Panic selling got absorbed near 91-92, then buyers rushed back once geopolitical risk returned to the headlines. And honestly, this is why oil has become one of the hardest markets to trust right now. Every candle is reacting less to inventory data and more to military positioning, diplomatic language, and shipping-route uncertainty. Support now sits around 95-96. If that zone holds, traders will likely target the 100 psychological level again because the market still fears escalation risk. But the dangerous part is volatility itself. You now have equities weakening while oil rebounds. That combination usually tells you the market is shifting from “growth optimism” toward “risk hedging.” The bigger signal here isn’t just oil going green. It’s that markets still don’t believe the region is stabilizing. $BZ $BTC $ETH #USIranMOUTalks #OKXPreIPOPerpsGoLive #StrategyMaySellBTC