WS #10028

The dominant narrative remains the US-Iran deal, with new developments indicating acceleration. Seeking Alpha reports the US and Iran are weighing shifting to a remote deal signing as early as Wednesday, while Al Jazeera highlights why Israel could still derail the deal. This is corroborated by multiple sources (Seeking Alpha, Al Jazeera, NYT). The deal narrative is ESCALATING with the accelerated signing timeline. Separately, ASML CEO warns of possible supply constraints on Musk's TeraFab, which is a negative signal for semiconductor equipment and AI infrastructure. WTI crude briefly crossed $80/barrel as oil extends its rally higher. The ECB raised rates by 25bps, citing Middle East war generating inflation pressures. Bitcoin circled $65,000 amid downside pressure ahead of FOMC. A large dark pool order of 200,000 shares of QQQ ($146.39M) was detected. MBA mortgage applications fell 3.8% vs prior +10.8%, with 30-year rate steady at 6.6%. Protesters blocked copper exports from Rio Tinto's Oyu Tolgoi mine in Mongolia. Fairshake crypto PAC's pick Barry Moore wins Alabama GOP Senate primary. The US-Iran deal narrative is ESCALATING with the remote signing possibility. The ECB rate hike is a new signal that contradicts the prevailing macro narrative of stable rates.