Remember how this week had two wild cards? Well, Tuesday played one of them face-up. The Iran deal stopped being a rumor and started looking like a done thing — tankers are reportedly rolling through the Strait of Hormuz, pen meets paper Friday in Switzerland — and oil did not wait around to find out. Crude face-planted to ~$76, blowing clean through every level we’d drawn for it.
Meanwhile the Bank of Japan hiked, the yen shrugged, and stocks split down the middle (Dow partying, chips sulking). And the Fed? Still looming Wednesday, only now with cheaper oil quietly whispering in the doves’ ears. So before we walk into Warsh’s big debut, let’s reset the board: what moved, what it means, and the fresh levels that matter. One day to go — here’s where things actually stand.