Day 105. The strikes stopped overnight, and the selling of the peace began. Trump says there’s a settlement “approved by all parties” — 14 points, Hormuz reopened within 30 days, maybe a signature Sunday in Switzerland before the G7 sits down Monday. Except Tehran says no decision has been made, and Israel says it isn’t a party at all. Markets didn’t wait for the fine print: stocks jumped, oil gave back another slice of its war premium. I want it to be real. But the same news cycle brought two Iranian drones downed over the strait and three Indian sailors dead off Oman — a paused war still kills people. Yesterday I was watching the Qatari door. Today there’s a date and a city. After 105 days, that’s something. Don’t pour the good stuff yet.

Negotiators are racing to finalize a memorandum that Washington and Tehran could sign in Geneva as soon as Sunday — Vice President JD Vance for the US, Parliament Speaker Mohammad Baqer Qalibaf for Iran — pairing a 60-day ceasefire “on all fronts,” including Lebanon, with a reopening of the Strait of Hormuz at no transit charge and a return to pre-conflict shipping within 30 days.

Elon Musk and Gwynne Shotwell rang the Nasdaq open from Starbase, Texas; SPCX priced at $135 for a roughly $75B raise — about a $1.77T valuation — with early trade indicated near $175, some 30% above the offer.

Kyiv’s largest single-night wave of the war hit the Taneco refinery in Nizhnekamsk — damaging two primary-refining units and a tank farm — and the Togliattikauchuk plant in Togliatti through 40 minutes of blasts, on the morning Russia marks its national day.

Warrantless foreign-intelligence collection lost its statutory footing at midnight after the House rejected a stopgap 198–218 and the Senate fell short 47–52 — the program’s first gap since 2008.

Julián Quiñones and Raúl Jiménez scored at a raucous Estadio Azteca on Thursday night as the 48-team tournament kicked off, before a World Cup-record three red cards left South Africa with nine men.

New York leads the Spurs 3–1 after OG Anunoby’s tip-in capped a Finals-record 29-point comeback in Game 4; the Knicks can close it out Saturday in San Antonio.