Wall Street Rallies on Iran Talk Progress Despite Uranium and Hormuz Deadlock

📉 MARKETS — Stocks rise on "progress" while the two core issues remain unsettled. 📌 LOOK CLOSER: Wall Street is pricing the mood, not the substance. Khamenei's uranium decree and Hormuz sovereignty are the two non-negotiables — neither moved. Officials citing progress without a deliverable suggests managed optimism, likely to buy time before the 90-day supply clock forces a harder choice. When the gap between sentiment and reality closes, it closes fast.