Huge market correction coming Monday?

Iran just announced they are re-closing the Strait of Hormuz, which pretty quickly halted the drop we were seeing in oil prices. MOU looking less strong now, and market was up on expectation of peace deal, now looking like a fresh spike in Brent Crude and WTI oil futures... Could cause central banks to continue interest rate-hiking cycles, curious if people see a correction coming Monday, and if so how big of one? submitted by /u/tacspar [link] [comments]