WS #10077

The dominant signal in this window is the US-Iran deal narrative, which is now being corroborated by multiple major outlets (Al Jazeera, Bloomberg, NBC News) with specific details. Al Jazeera reports the MOU has been signed, with negotiating teams expected in Geneva on Friday. Bloomberg reports an LNG tanker heading toward Hormuz as the pact goes into effect, confirming operational de-escalation. Ghalibaf says talks delivered more results than war, suggesting Israel's strike on Beirut spurred Trump into action. This is a de-escalation of geopolitical risk, but implementation risk remains. Separately, Kevin Warsh chaired his first Fed meeting, announcing five task forces and revamping the policy statement, while several Fed officials signaled a rate hike this year. US stocks declined Wednesday, Treasury yields climbed. Oil prices fell on the Hormuz reopening. A former Israeli intel officer warns Netanyahu may try to derail the deal with Epstein files, adding political risk. Insider trading at Datadog (DDOG) is noted. The narrative arc is ESCALATING on the US-Iran deal implementation, with cross-source corroboration confirming the MOU signing and initial operational steps.