Just talked this morning about how the US and Iran are nearing a framework but still disputing the interpretation of key terms. Militarily, they’ve entered a high-pressure phase of 'fighting while negotiating.' Can’t hold it down anymore? If the situation can’t be contained in the short term, the market will also feel the pressure. Of course, it doesn’t seem like this will escalate into a full-scale conflict. Small-scale clashes and low-level 'fighting while negotiating' are still the most likely scenarios. Hope I don’t get proven wrong