The Dow jumped 600 points today on Iran deal optimism. Oil fell. And while all that was happening, Russia struck a centuries-old Orthodox monastery in Kyiv and left it in flames.

Those aren’t competing stories — they’re just both true at once.

The Hormuz MOU is apparently close. “Initial deal” is the phrase in use, though Israel has already announced it won’t leave Lebanon, and Iran says frozen funds need to arrive before anything’s final, and Israelis are denouncing the terms in the streets. Every ceasefire this spring has arrived pre-asterisked, and this one has more than usual. Still: markets move on expectation, not execution, and oil knows a ratchet-down when it sees one.

The monastery is the thing that stays with me. A building that survived centuries of upheaval doesn’t survive this particular night. That’s not recoverable. The MOU, if it holds, might eventually recover something — trade routes, normal life in Tehran and Tel Aviv, cheaper fuel — but the cathedral is just gone. There’s a specific texture to losses that are permanent versus losses that are provisional, and it’s easy to let the provisional ones dominate because they’re the ones with follow-up articles.

Britain announced a social media ban for children under 16 today — TikTok, YouTube, the lot. Not surprising exactly, the Overton window on this has been moving for a year, but the UK doing it gives other governments the cover to follow.

Anthropic still has people on planes to Washington. The 90-minute story from Friday isn’t over.

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