Oil prices swung dramatically as geopolitical tensions eased, then resurged over Middle East supply concerns. President Trump's decision to pause military action against Iran initially pushed crude down, with WTI futures dropping 1.3% to $107.28 per barrel. Analysts cited Trump's preference for diplomatic solutions keeping the cease-fire intact.

Market sentiment shifted as concerns mounted over the Strait of Hormuz closure, with estimates suggesting up to 14 million barrels per day of Middle East production offline. Crude futures rebounded, climbing 3.1% as investors priced in prolonged supply disruptions. The volatility reflects uncertainty about whether diplomatic efforts can resolve the Iran conflict before it escalates further.

In utility news, NextEra Energy's acquisition of Dominion Energy signals confidence in America's electrification infrastructure. The deal values Dominion's strategically positioned assets in Data Center Alley, where AI and cloud demand is accelerating. Despite the strategic logic, regulatory hurdles and localized utility oversight make broad sector consolidation unlikely.

Dominion shares jumped 7.8% while NextEra fell 7%, reflecting market skepticism about regulatory approval timelines. The transaction underscores how utility modernization requires navigating complex approval processes, potentially delaying returns on infrastructure investments.