The war premium deflated faster than it built. Brent -7.2% to $87.26, WTI -5.6%, nat gas -8.2%, group mean -3.6% after Iran signalled it would suspend attacks.Crude is still +43% YTD, so this is a premium deflating, not a bear market. Gas is -25.8% on its own mechanism: storage 6.4% above the five-year average. ...