WS #6629

The dominant signal in this window is a rapid de-escalation of the US-Iran conflict, with multiple high-credibility sources reporting that a one-page memorandum of understanding to end the war is near. Axios, Bloomberg, NBC, and Al Jazeera all corroborate that Operation Epic Fury has concluded and that the US has paused Project Freedom. Iran's Revolutionary Guard has announced the Strait of Hormuz is open for navigation. This is a powerful counter-signal to the prevailing oil supply crisis thesis, driving crude oil below $100/barrel and boosting broad equity markets. The narrative is ESCALATING rapidly toward a resolution, with Polymarket contracts showing increased probability of a deal. Separately, Corning and Nvidia announced a massive multiyear partnership for three new US optical fiber factories, sending Corning shares up 15% and Nvidia up 3%. This is a high-significance positive for the AI infrastructure theme, directly benefiting NVDA and GLW. On the earnings front, Uber reported mixed Q1 results but guided Q2 gross bookings and core profit above consensus, sending the stock higher. CVS Health beat estimates and raised FY26 guidance, continuing the positive earnings trend. The Iran de-escalation and the Corning-Nvidia deal are the two most actionable developments for the next 1-8 hours.