Wall Street Rallies on Iran Talk Progress Despite Uranium and Hormuz Deadlock
๐ MARKETS โ Stocks rise on "progress" while the two core issues remain unsettled. ๐ LOOK CLOSER: Wall Street is pricing the mood, not the substance. Khamenei's uranium decree and Hormuz sovereignty are the two non-negotiables โ 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.