WS #9616

The dominant narrative remains the de-escalation of US-Iran tensions, with multiple sources (Guardian, Benzinga, Seeking Alpha) reporting a peace deal is imminent, potentially at the G7 meeting next week. However, new details from Iran's IRNA via Reuters clarify that no nuclear deal was reached in the current MoU, nuclear talks will occur within 60 days, and Iran made no commitment on transferring Strait of Hormuz management. This nuance dampens the bullish oil-supply-relief thesis slightly but does not reverse the de-escalation trend. Separately, India's May CPI inflation came in at 3.93% y/y (vs. 4.0% forecast), a positive surprise that supports the RBI's rate-cut path and is bullish for Indian equities and the rupee. SpaceX IPO dominates headlines with Bloomberg, NYT, and Seeking Alpha coverage; the stock opened flat at $135 in premarket, with Polymarket bets on closing market cap above $2.4T-$3.2T. Adobe (ADBE) was downgraded by Evercore ISI from Outperform to In-Line with a price target cut to $225, citing AI monetization uncertainty. CoreWeave (CRWV) is soaring 5% on Nasdaq-100 inclusion news. The narrative arc is STABLE on US-Iran de-escalation, with no new escalation signals.