WS #9998

The dominant signal in this window is the US-Iran peace deal, with multiple sources confirming broad financial incentives for Iran including immediate oil sales rights, and US officials confirming secret payments to Iran via Qatar for Strait of Hormuz safe passage. This is a major de-escalation of the oil supply crisis, bearish for crude oil and bullish for global equities. Separately, China's regulator is supporting the launch of active ETF products and urging more IPOs from AI and Hong Kong-listed firms, a bullish signal for Chinese equities and the broader market. The FTC is reportedly clamping down on Amazon over hidden ad pricing, which could cost billions in penalties, a negative catalyst for AMZN. Pizza Hut is being sold for $2.7bn, a corporate event with limited market impact. The Anthropic shutdown is being linked to Meta, but details are sparse. Most other items are sports, weather, or noise.