WS #10078

The dominant signal in this window is the US-Iran peace deal, now confirmed by multiple sources (ABC News, Bloomberg, Al Jazeera, Benzinga) with specific terms: MOU signed, Strait of Hormuz reopened, $300B reconstruction fund for Iran, and negotiations set for Geneva. This is a de-escalation of geopolitical risk, with oil prices falling (Brent below $79, WTI at $75.99) and Dow futures jumping 260 points. The Fed held rates steady in Warsh's first meeting, but Kaplan signaled a potential rate hike by fall if inflation persists, while Japan's Kihara warned of FX intervention. Memory-chip stocks (MU) surged 2.8% on RBC's price target hike citing datacenter demand. China's AI and 5G indices rose over 3%. Multiple GOOGL insiders reported special transactions. The narrative arc is ESCALATING on the US-Iran deal implementation, with cross-source corroboration confirming the MOU signing and initial operational steps (LNG tanker nearing Hormuz).