WS #9655

The dominant signal in this window is the escalating US-Iran peace deal narrative, now with multiple corroborating sources indicating a final agreed text is near. Pakistan's PM Sharif stated that the US and Iran have reached a 'final, agreed upon text,' while Iran's Araqchi said an MoU has 'never been closer' and that the end of the US blockade and reopening of the Strait of Hormuz is part of an interim deal. However, Trump denied an imminent deal, calling Iran 'very dishonorable,' creating a counter-signal that injects uncertainty. The SpaceX IPO continues to dominate with a $2.2T+ valuation and $350B in demand, but no new material data points beyond the existing narrative. Roku is surging 20% on a Bloomberg report of sale talks, including a possible media tie-up. The overall US-Iran theme is ESCALATING toward a potential deal, but Trump's denial acts as a counter-signal.