The primary signal this hour is the cooling of tensions between the U.S. and Iran, which has sparked a relief rally in global markets. President Trump called off planned strikes against Iran after lobbying from Middle Eastern allies, with new talks scheduled for Monday. This geopolitical pivot triggered a decline in oil prices of over 4% and a drop in bond yields, buoying equity futures. However, the outlook remains tenuous; Tehran has publicly denied direct negotiations with the U.S., limiting engagement to maritime security discussions via Oman. Markets are now pivoting focus to upcoming high-profile earnings from SpaceX and Palantir, while monitoring currency intervention in Japan. Elsewhere, regulatory scrutiny is intensifying around Chinese AI models, and regional conflict continues with reports of Ukrainian drone strikes on Russian territory and ongoing Houthi maritime disruptions in the Red Sea.