☢ IRAN CEASEFIRE BINARY — EXPIRES TONIGHT — DO NOT HOLD NAKED ENERGY LONGS
Ceasefire expires April 21 evening ET. Trump: extension "highly unlikely." VP Vance in Islamabad for talks. Hormuz at 10% capacity (~10M bbl/day shut in). WTI -2.93% = market pricing extension. If breaks: WTI $95-100+, airlines collapse, defense rips. If extended: oil -$3-5, relief rally, airlines benefit.