The Nasdaq jumped nearly 2%, the S&P 500 +1.1%, and the Dow +0.3% as an interim US-Iran peace deal was signed, with the Fed hinting at potential rate hikes. Oil tankers passed through the Strait of Hormuz as the US-Iran deal lifted a blockade, reducing oil prices, but Iran backed out of planned Geneva talks over continued Israeli attacks on Lebanon. Fed Chair Kevin Warsh suggested letting financial markets guide policy, removing forward guidance, with critics fearing increased volatility and premature rate hikes. Senator Sanders proposed a $1,000 annual payment to every American funded by a 50% tax on major AI firms, creating a $7T sovereign wealth fund including OpenAI and Nvidia. Anthropic CEO Dario Amodei and Google DeepMind CEO Demis Hassabis urged a US-led AI coalition at the G7 on standards, model access, chip trade, and risk management. The editorial noted that the war already damaged oil, the cost of money, and food prices, and that a $300B bill is due as China reportedly forced the peace, filling its reserves with about 1M barrels a day in floating storage and cutting imports by 5.8M barrels a day.