Dow Hits Record Close as US-Iran Deal Eases Inflation Fears, Oil Falls

📉 WALL STREET — A record Dow close is the market's verdict on an unsigned MOU. 📌 LOOK CLOSER: Equities pricing in deal durability before the text is public or constitutionally ratified by Tehran creates a fragility the index won't show. Inflation relief trades on crude dropping — but Hormuz stays conditionally open. One Israeli strike in Lebanon, one IRGC veto, reverses both oil and equity moves simultaneously. The Dow just priced the best case.