WS #6684

The dominant narrative in this window is the escalating US-Iran peace deal optimism, which is acting as a powerful counter-signal to the prevailing oil supply crisis. Multiple sources (Bloomberg, Axios, Iran's Foreign Minister, and a breaking news alert) corroborate that Iran is considering a US proposal to end the war, with a 14-point memorandum of understanding reportedly being discussed. This has already caused oil to plunge 7% in the prior session and gold to steady, while Asian equities are set to jump. The narrative is ESCALATING rapidly from de-escalation to potential deal. Separately, Arm Holdings reported a beat-and-raise quarter but saw a 6% after-hours dip, a classic buy-the-rumor-sell-the-news pattern that may present an entry opportunity. North Korea's declaration that it is no longer bound by nuclear non-proliferation treaties is a geopolitical wildcard that could offset some of the Iran deal optimism. The UK local elections are a macro event to watch for political stability signals.