7% drop in crude is a meaningful macro tailwind for Singapore names. SIA stands out because fuel is one of its biggest cost items, while SATS benefits from recovering travel and cargo activity. Logistics related counters could also see renewed interest as shipping routes normalize. For now, the market is pricing in peace and lower energy costs. If the Iran deal holds, there's room for further upside if it unravels, expect a sharp reversal in the same names that are rallying today.