(https://www.marketwatch.com/story/oil-prices-decline-further-after-trump-claims-deep-talks-are-underway-with-iran-167a5393?mod=mw_rss_topstories) is exactly the kind of headline that kills energy rallies—not because it's bad for oil, but because it *signals certainty*. When geopolitical risk premiums collapse, so do energy stock multiples. XOM trades at a net margin on in revenue, with in free cash flow and a 0.8x debt-to-equity ratio.

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