WS #8124

The dominant narrative remains the US-Iran deal framework, which is STABLE but with ongoing disputes. The Guardian reports that the US has had to agree to unfreeze billions of Iranian assets for a more hardline regime, and progress on nuclear issues is no further than before the war. This is corroborated by Tasnim News Agency reporting the US continues blocking clauses on releasing frozen assets, threatening deal viability. The White House has pushed the timeline to 'several more days.' A supertanker carrying Iraqi crude crossed the US blockade into the Arabian Sea, signaling potential easing of supply constraints. Separately, a SpaceX S-1 filing reveals a related-party deal where Anthropic pays xAI $1.25B/month for compute on Nvidia GPUs through May 2029, up to $45B total, which is bullish for NVDA's data center revenue visibility. DeepSeek's permanent 75% discount on its flagship AI model is a bearish signal for AI pricing power and could pressure NVDA and other AI-related stocks. BofA warns AI stock mania is nearing historic extremes. A $30.5M insider sale by Palantir's Karp Alexander is a bearish signal for PLTR. Ukraine strikes Russian naval base and key oil facilities in the Black Sea region, and a drone strike ignited a fire at a major Russian oil export terminal in Novorossiysk, which could impact oil supply. The narrative arc for the Iran deal is STABLE, while the AI sector shows mixed signals with both bullish (SpaceX/Nvidia deal) and bearish (DeepSeek discount, BofA warning) developments.