✅ U.S.–Iran Deal Hopes Push Wall Street To Fresh Record Highs Wall Street extended its rally as reports of a temporary U.S.–Iran agreement boosted optimism across global markets. Stocks pushed to new all-time highs, bonds rallied, and the oil surge cooled as traders priced in a possible diplomatic breakthrough after nearly three months of conflict. $SPX closed higher for the sixth consecutive session, while Brent crude stabilized below $94 per barrel. Treasury yields moved lower across the curve, and the U.S. dollar weakened against major developed-market currencies. Markets reacted to reports that Washington and Tehran may have reached a temporary framework to extend the ceasefire for 60 days while continuing negotiations around Iran’s nuclear program. Still, traders remain cautious. Recent military activity in the Gulf continues to highlight how fragile the situation remains, especially around the Strait of Hormuz — a critical energy corridor partially disrupted since the conflict began. Higher energy prices have already fueled inflation concerns and increased pressure on the Fed. U.S. consumer spending rose again in April, while annual inflation reached its highest level since 2023. Meanwhile, Q1 GDP growth came in at just 1.6%, below expectations. In tech and AI, $ANTHROPIC reportedly raised $65B in fresh funding, pushing its valuation to roughly $965B — temporarily surpassing $OPENAI for the first time. Market take: Markets are aggressively pricing diplomacy over escalation, but inflation, oil volatility, and geopolitical uncertainty still remain major macro risks.