#OilPricesPullBack 🔍 Additional Context to Your Points

To add a bit of "flavor" to your excellent breakdown of why the pullback happened so aggressively:
The "Trump Factor": A major catalyst for Monday's sudden $10+ drop was a series of comments from President Trump suggesting that the military phase of the conflict was "pretty much complete." Even though Iran’s Revolutionary Guard countered this with more hawkish rhetoric, the initial "peace hope" was enough to trigger a massive sell-off of speculative long positions.
IEA’s "Nuclear Option": You mentioned strategic reserves; the rumors are that the IEA is preparing a release larger than the 182 million barrels released in 2022. That is essentially a "bazooka" aimed at short-term speculators.
The Naval Mine Clearance: While the Strait of Hormuz remains a massive risk, reports from the U.S. Navy claiming they have already neutralized several Iranian naval mines have slightly lowered the "blockade premium" that was baked into the $120 price tag.
🧠 The Bottom Line
We are currently in a "wait and see" mode. The physical supply hasn't fully recovered—nearly 20 million barrels per day are still at risk—but the panic has been replaced by a cautious, calculated watch for the next diplomatic (or military) move.