WS #8060

The US-Iran peace deal narrative continues to escalate, with multiple sources reporting an imminent announcement. A Washington Times report, corroborated by a source close to negotiations, states a draft peace agreement is expected within 24 hours. Trump concluded a call with Arab leaders described as 'very positive' with 'good progress.' However, a counter-signal has emerged: Netanyahu is urging Trump to reject Iran's latest proposal, introducing uncertainty. Separately, semiconductor stocks (MU, INTC, AMD) showed strong gains from the morning low, with MU up 9.8%, indicating a potential sector rotation or positive sentiment. Ukraine drone strikes continue to hit Russian oil infrastructure, including Novorossiysk oil terminal, adding to energy supply concerns. Iran's soccer team moved its World Cup base from the US to Mexico, reflecting ongoing tensions.