Monday's News Links

[CNBC] Dow jumps 600 points, hits fresh record on potential Iran deal to end the war; SpaceX rises in second day of trading: Live updates

[Yahoo/Bloomberg] Oil Slumps as US-Iran Deal Paves the Way for Reopening of Hormuz

[Reuters] Gold extends gains after US, Iran reach peace deal

[Reuters] US manufacturing output unchanged in May after large gain in April

[AP] Iran and US reach an initial deal to end the war and open the Strait of Hormuz but challenges remain

[CNBC] Oil shock ‘far from over’ as analysts warn of new Middle East risk premium

[Yahoo/Bloomberg] Trump Leaves the Hard Part for Later in Long-Awaited Iran Deal

[Reuters] Trump veers toward exit in Iran war but risks loom

[Yahoo/Bloomberg] Hormuz Trade Will Take Months to Return Normal, Analysts Say

[Yahoo/Bloomberg] Shipowners Seek Details on Hormuz Deal Before Resuming Transits

[Yahoo/Bloomberg] Iran War’s ‘Inflationary Legacy’ Key to Stock Rally’s Longevity

[MSN/WP] Trump Sought to Break Iran's Regime.  He Settled for Reopening Hormuz.

[Reuters] Gulf recalibrates as Iran emerges intact from war

[Reuters] Warsh's debut Fed press conference may reveal his strategy for inflation, rates

[Axios] "They screwed us": Personality clashes sent Anthropic's models offline

[Reuters] G7 leaders meet in France after U.S. and Iran declare agreement to end war

[Yahoo/Bloomberg] Hedge Funds Reopen Pre-War Playbook as Iran War Risks Recede

[Reuters] Asia hedge funds notch triple-digit gains in AI-led rally

[AP] Russia unleashes a barrage on Ukraine, killing 11 and damaging a religious landmark, officials say

[Bloomberg] Anthropic Block Marks US Reversal, Warning to Silicon Valley

[Bloomberg] BOJ Set to Hike Rates to Highest Since 1995 Despite Ueda Absence

[Bloomberg] Fertilizer Ships Face Long Backlog Even If Hormuz Reopens

[NYT] Hormuz Reopening Would Offer Relief for Asia, but Economic Scars Will Remain

[WSJ] Kevin Warsh Wants the Fed to Stop Explaining Everything

[WSJ] Emboldened by SpaceX, Investors Are Piling Into All Things Space

[WSJ] Oil Executives Are Sounding the Alarm Over Dwindling Stockpiles

[FT] The Iran war in seven charts

[FT] The populist case for ending easy money now

[FT] Anxieties over inflation risk mount ahead of Bank of England rate-setting decision

Sunday Evening Links

[CNBC] Stock futures jump after the U.S. and Iran reach a deal to end the war: Live updates

[CNBC] U.S. crude oil falls nearly 5% after Trump says U.S. and Iran complete deal to open Strait of Hormuz

[Axios] U.S., Iran reach deal to extend ceasefire, open strait

[AP] Deal is reached to end Iran war and Trump orders stop to US naval blockade

[Yahoo/Bloomberg] Warsh Caught Between Trump and Bond Market Betting on Rate Hikes

[Bloomberg] Trump Says Hormuz Strait to Open Friday Upon Deal Signing

[Bloomberg] SpaceX and OpenAI Are Ending Wall Street’s Era of Stock Scarcity

[Bloomberg] Xi Swaps Fighter Jets for Diplomatic Hardball to Squeeze Taiwan

[WSJ] The Kevin Warsh Era Begins at the Federal Reserve

[FT] Donald Trump settles for a truce of convenience with Iran

[FT] Strait of Hormuz backlog could take weeks to clear after US-Iran deal

Sunday's News Links

[Axios] Iran warns Israel's Beirut strike could derail U.S. deal

[Yahoo/Bloomberg] Trump Eyes Sunday Iran Deal But Tehran Says Still Reviewing Text

[Axios] U.S., Iran expected to "electronically" sign agreement to end war Sunday 

[Politico] A GOP revolt over AI is taking shape

[Reuters] With smooth SpaceX debut, Wall Street sets new template for mega IPOs 

[Reuters] Heavy trading expected when SpaceX options launch in coming days

[Bloomberg] Crypto Token’s 50% Wipeout Shows Magnitude of AI-Hacking Threat

[Bloomberg] Ukraine Targets Russian Chemical Plant, Fuel Depot in Strikes

[NYT] Trump Says Peace Deal Will Be Signed Sunday, but Iran Disputes Timeline

[NYT] [Axios] U.S., Iran expected to "electronically" sign agreement to end war Sunday 

[NYT] Germany and Japan Are Rearming Again, 80 Years After World War II

[WSJ] SpaceX Is Coming Early to Your Index. How Worried Should You Be?

[WSJ] Why Asian Currencies Are Taking a Beating, in Charts

[FT] Wall Street digests record fundraising haul as AI race intensifies

[FT] Kevin Warsh enters the arena