The TSX shed 67 points Tuesday as rate-sensitive financials and utilities dragged while energy held. The composite is navigating two separate markets dressed as one index.

Congress passed a symbolic resolution to end Trump's Iran war today. Oil fell. The TSX energy sector fell harder. The connection is not coincidence.

Iran's talk suspension and a 6% WTI spike are being read as an escalation. The more precise read: today moved the end-June deadline Goldman is watching by days or weeks, not by scenario. The real decision point for Canadian energy portfolios comes if July arrives with Hormuz still closed.