S&P 500 ▼ 7,472.79 · Brent ▼ $77.62 · Gold ▼ $4,160.00 · VIX ▲ 17.3 · 10Y UST ▲ 4.51%
Iran won a 60-day window to sell crude in US dollars – the broadest sanctions reversal since 2015. But the deal’s three parts run at different speeds. The waiver took effect immediately. Hormuz runs on Tehran’s permits: 55 ships crossed on Saturday, 12 the next day. Inf…