WS #9999

The dominant signal in this window is the continued confirmation and implementation of the US-Iran peace deal, with multiple sources corroborating details. A Bloomberg report indicates oil tankers are making U-turns and rushing to the Middle East ahead of the Strait of Hormuz reopening, a clear bullish signal for oil supply normalization and bearish for crude prices. Additionally, US officials have confirmed Iran will receive full access to $100 billion in frozen funds and a $300 billion reconstruction fund, per WSJ via a Bluesky post. This massive financial injection into Iran is a major de-escalation of the oil supply crisis. However, ECB officials caution that peace in Iran alone is not enough to fix the energy shock, suggesting lingering concerns. Separately, the PBOC launched a tool to boost yuan use by other central banks, a bullish signal for yuan internationalization and potentially bearish for the dollar. In tech, Samsung sees higher chip orders from BYD, Google, and AMD amid tight TSMC capacity, bullish for Samsung and AMD. China's Xiaohongshu is preparing a Hong Kong IPO at over $70 billion valuation, a positive for Chinese tech IPOs. On the political front, Trump-endorsed Georgia Governor candidate Burt Jones lost his primary, a minor negative for Trump-aligned political momentum. The FBI Director Cash Patel scandal is surfacing but lacks concrete market impact. Most other items are sports, weather, or noise.