WS #10063

The dominant signal in this window is the confirmed signing of the US-Iran Memorandum of Understanding (MOU), with multiple sources (Axios, Reuters, NBC, Bluesky) corroborating that Trump signed the deal at the G7. Key details: Iran oil sanctions to be lifted immediately for 60 days, Iran will dilute enriched uranium but not send it abroad, and defensive capabilities are off the table. S&P 500 futures rose 0.3% and Nasdaq futures gained 0.5% on the news. This counters the prior bearish thesis of prolonged Middle East conflict and oil supply disruption. Separately, the Fed's hawkish dot plot from earlier in the day continues to weigh on markets, with fed funds futures now fully pricing a 25 bps rate hike by October. Apple CEO Tim Cook's warning of 'unavoidable' price hikes due to memory chip costs is a negative for AAPL and consumer tech. A dark pool alert showed a $343M block trade in AVGO, suggesting institutional accumulation. The Iran deal narrative is ESCALATING with new details, while the Fed hawkishness and Apple price hike are fresh negatives.