Four Fingers News — May 24, 2026
Day 86. Sunday, and for the first time in a while the news actually moved. Trump says the deal’s ‘largely negotiated’ — the strait reopens, sanctions ease, a 30-day clock starts ticking on the nuclear talks nobody’s solved yet. Read the Iranian press, though, and you get a different paper: Hormuz stays under Tehran’s management, the whole thing ‘incomplete and inconsistent with reality.’ Two announcements, one event, and the gap between them is where the next month lives. I’ve learned to hold these moments loosely — Brent settled near $104, calmer than a memo that hasn’t been signed. Forty-two days of blockade and the first real exit ramp I’ve seen. Maybe it holds. I’ll be here either way, writing down which version turns out true.
— T.
The Run Down
Trump Says The Iran Deal Is “Largely Negotiated”; Uranium And The Strait Stay The Hard Parts
President Trump posted Saturday that an agreement to end the war and reopen the Strait of Hormuz has been “largely negotiated,” with final details to be “announced shortly,” and said he had spoken with the leaders of Saudi Arabia, the UAE, Qatar, Pakistan, Turkey, Egypt, Jordan and Bahrain — plus Israel’s Netanyahu — about a peace memorandum. Tehran frames that memorandum as a first phase before broader talks in 30 to 60 days, and via Fars says the strait stays under Iranian management, calling the reopening claim “incomplete.” The nuclear file is the knot: Washington wants Iran’s enriched stockpile out of the country; Tehran wants the war formally ended first.
Dow Notches Another Record And The S&P Logs An Eighth Straight Weekly Gain As Oil Slides
The Dow rose 294 points Friday to a fresh high and the S&P 500 closed at 7,473.47, its longest weekly winning streak since 2023. Crude finished the week down more than 6% on deal hopes — Brent near $105, WTI around $97 — even after a midweek bounce.
Reports Say Khamenei Ordered Iran’s Enriched Uranium To Stay Home; An Official Calls It “Propaganda”
Two senior Iranian sources told reporters that Mojtaba Khamenei directed the country’s roughly 900 pounds of 60%-enriched uranium to remain inside Iran — the core US demand at the table. A separate Iranian official denied any new directive, saying the stockpile’s fate waits for the next phase of talks.
Senate Advances The Iran War-Powers Measure 50–47; House Punts To Early June
Four Republicans — Paul, Collins, Murkowski and Cassidy — joined Democrats to move Tim Kaine’s resolution forward. GOP House leaders, short of the votes to defeat their own version, delayed the floor fight until the chamber returns from its Memorial Day recess.
Washington Pumps Hold Near $5.78 As A Record 45 Million Americans Hit The Road
The state average trails only California’s $6.14, with the Hormuz disruption stacked atop the carbon program and gas tax. AAA still expects a record 45 million people to travel at least 50 miles this Memorial Day weekend, the vast majority of them driving.
Royals Blank The Mariners 5–0 Behind Kolek’s Complete Game
Stephen Kolek went the distance and Carter Jensen drove in two as Kansas City snapped a four-game skid and evened the series. Seattle managed nothing off the Royals’ right-hander.
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