WS #8429

The dominant narrative remains the US-Iran ceasefire deal, which is ESCALATING with multiple sources (Bluesky, Bloomberg, Axios, ACLJ) reporting that a 60-day ceasefire extension MOU has been reached and awaits Trump's approval. This has caused US stocks to reverse losses, oil to pare gains, and the dollar to fall. However, a counter-signal emerges: the US Treasury threatens Oman with sanctions over the Strait of Hormuz, and Israeli PM Netanyahu announces a new offensive to seize 70% of Gaza, adding geopolitical complexity. Separately, Snowflake (SNOW) surged 35% on a strong quarter and a $6B AWS commitment, bullish for AMZN. Meta's subscription push could add $13.5B by 2028, and Fertitta strikes a $17.6B deal to take Caesars private. The US-Iran narrative is ESCALATING with deal progress, while the tech earnings counter-narrative remains STABLE and positive.