Markets are shrugging off the on-again, off-again Iran deal drama, and the real money story has moved to where SpaceX's huge cash raise goes next.

• Iran says no deal is close, and the Ayatollah has no plans to sign one.
• Israel hit Beirut again to go after Hezbollah, which Iran's negotiators call a deliberate attempt to wreck the talks.
• Trump keeps hinting a deal is near so stocks stay up, but the key shipping route through the Strait of Hormuz still hasn't reopened.
• Interest rates are near record highs and oil is stuck in the $90s, but the market mostly doesn't care.
• The bigger focus is SpaceX's $75 billion raise and which sector venture investors pile into once their lockups expire.

Outlook: The G7 meeting this week could move things, but the near-term action is in which market sector rallies next, not the Iran headlines.