Traders say Iran’s new ‘permission system’ pushed Brent toward $122/bbl

- Iran signaled a new 'permission system' for oil flow that traders say helped push Brent to roughly $122 per barrel amid Hormuz tensions. - Traders linked the permission signal to dramatic swings and a roughly $6 flash drop on May 1 that triggered stop-loss liquidations globally. - Online chatter amplified the claim as traders debated whether chokepoint risks or political signaling drove the move. (x.com) (x.com)