With the Strait of Hormuz functionally closed by a U.S. naval blockade, ongoing Iran ceasefire talks act as the ultimate wildcard for WTI Crude Oil futures, gold, and currencies. A breakthrough could swiftly unwind geopolitical risk premiums, shifting focus immediately to 10-Year treasury yields. Beyond the Middle East, the upcoming week features a gauntlet of five major central bank decisions across eight days, including the FOMC, ECB, Bank of England, Bank of Canada, and Bank of Japan. While no rate changes are expected, traders are closely monitoring statement language for any shift in monetary policy direction. All of this unfolds alongside a massive wave of mega-cap tech earnings and critical economic data.