WS #8155

The dominant signal in this window is the continued de-escalation of the U.S.-Iran crisis, with multiple sources reporting progress on Strait of Hormuz reopening and peace talks. CNBC reports oil prices fell over 5% on Trump's comments that negotiations are 'proceeding in an orderly and constructive manner,' with WTI at $91.7 and Brent at $98.24. This is corroborated by investing.com headline 'Stocks rise, oil and dollar slide on Middle East peace hopes' and S&P 500 futures extending gains to 0.7%, Nasdaq futures up 1.0%. However, a counter-signal emerges from a Bluesky post citing Iran stating the Strait will not reopen until the US makes financial concessions, calling reopening 'not even an option we are considering.' This creates a mixed picture: the market is pricing in a resolution, but Iranian hardline rhetoric persists. The narrative is STABLE with a slight bullish tilt for equities and bearish for oil, but the Iranian counter-statement introduces risk of reversal. No MAG7-specific contradictions or other high-significance developments emerged in this window.