There are rumors of a Russian media saying there is an Iran-US dealECB sources report: Policymakers are ready to raise rates in SepUS Treas. Sec. Bessent: Iran leadership is feeling the economic pressureIran and Oman propose a joint temporary shipping laneCanada announces counter tariffs convering roughly $20 billion of productsFed's Collins: Inflation is still too highRichmond Fed manufacturing composite index +4 vs +5 priorUS Conference Board August consumer confidence 89.4 vs 90.2 expectedUS New home sales for July 0.607M vs 0.620M estimateUS June CaseShiller 20-city home price index +2.1% y/y vs +1.7% expectedCanada July flash wholesale trade -0.6%Markets:WTI crude oil down $4.25 to $80.77US 10-year yields down 8.1 bps to 4.62%Gold up $14 to $4665NZD leads, CHF lagsS&P 500 up 0.3%The most interesting news late in the day is a vague report in the state-owned Russian press saying there is an Iran peace deal, citing Iranian and Pakistani sources. Russia media hasn't been part of the reporting on the conflict and the many fake leaks so the market is giving it some creedence and oil finished the day at the lows. The decline adds to some curious selling in crude since the start of the week and many traders believe there is rampant insider trading ongoing.With that rumor/report, the US dollar also dipped late and gold held a decent bid after getting bounced around. The stock market remains largely focused on AI but the meme-driven names were strong on the day in a sign of some optimism.In much sadder news, Dolly Parton died at 80. This article was written by Adam Button at investinglive.com.