// COMPARE

WTI slipped to $88.48 (-0.23%), giving back overnight gains as Hormuz ceasefire optimism overcame US-strike concerns. Tight range as traders waited for the next Iran headline.

Oil is trading the binary — every Iran news cycle whipsaws the tape. The underlying physical market remains tight (OPEC+ disciplined), but headline risk dominates positioning until resolution.

Any Hormuz deal confirmation pushes to $85; failure or fresh escalation reopens $95. Weekly EIA inventories Wednesday remain in the background. $90 is the headline-driven pivot.

ETH eased to $2,007 (-0.76%), underperforming BTC even as Standard Chartered reset its 2026 prediction with the AMZN-after-dotcom analogy. Stablecoin-arms-race headlines didn't move the spot tape.

ETH is stuck between a bullish institutional narrative (Standard Chartered, stablecoin growth) and weak short-term flow. The dot-com analogy is a long-cycle story; price action is a near-term liquidity story.

$1,950 must hold to keep the constructive structure. Stablecoin regulation headlines and any spot ETF inflow surprise are the catalysts. Above $2,080 reopens $2,200.