WS #9867

The dominant market-moving theme remains the US-Iran peace deal framework, which is now in an ESCALATING phase with concrete execution details emerging. Multiple sources (Alpaca, OilPrice.com, CNBC, Bloomberg, Seeking Alpha) corroborate that the deal has been signed as a memorandum of understanding, with the first LNG tanker clearing the Strait of Hormuz and oil prices tumbling 5-7% (WTI ~$80, Brent ~$83). The White House is claiming Hormuz traffic is ramping up, though shipping data does not yet show a meaningful reopening, creating a potential gap between narrative and reality. This development is a COUNTER-SIGNAL to the prior energy crisis thesis: the deal dampens bullish oil/energy signals and reverses the bearish pressure on airlines and consumer stocks. Separately, a major M&A signal has emerged: Fox is buying Roku for $22 billion, confirmed by AP, Hacker News, and multiple financial outlets. This is a high-significance event for streaming/TV sector consolidation. The SpaceX IPO continues to generate buzz, with Evercore ISI calling it a potential catalyst for S&P 500 to 9,000, and SPCX shares extending gains to 12% on day two. On the macro front, Bloomberg reports 'Something Big Just Changed in the US Economy' and CMS proposed making Medicare drug price negotiation permanent, weighing on pharma stocks (JNJ, BMY, MRK). The G7 summit in Évian is underway with Iran diplomacy, Strait of Hormuz, and Russia-Ukraine on the agenda, adding a layer of geopolitical event risk. The narrative arc is: US-Iran deal ESCALATING (from framework to signed MoU with first tanker transit), Fox-Roku M&A as a new high-significance development, and SpaceX IPO as a positive sentiment driver.