[MARKET UPDATE] Energy rises as Iranian source suggests there are no current talks on extending US-Iran ceasefire; Brent rises from USD 88.65 to USD 89.40/bbl over two minutes before trimming to USD 89.09/bbl

Headlines sourced to unnamed officials on either side of a US-Iran standoff have historically produced fast, shallow crude moves that retrace unless followed by confirmation from the other party, since single-source denials or affirmations of talks are cheap talk and the market has learned to fade them. The pattern here fits: a sub-dollar spike in Brent within minutes, partially trimmed, which is the standard footprint of a ceasefire-extension denial rather than a supply event. The distinction worth drawing is between headlines that touch physical flows, such as Hormuz transit, sanctions enforcement, or tanker insurance and freight rates, and those that merely shift the diplomatic temperature; only the former have tended to sustain a risk premium. The established sequence in past episodes of this kind is an initial algo-driven bid, a fade absent corroboration, and then a rebuild of premium only if shipping or export data start to corroborate disruption. What is worth watching next is any response from the US side, movement in crude timespreads and options skew rather than the flat price alone, and whether freight and insurance pricing in the Gulf begins to move. As a single-source remark with an immediate partial retrace, the signal is noise-tier until confirmed.