We give a polynomial-time $(\varepsilon, δ)$-edge-differentially private algorithm that releases a synthetic graph approximately preserving all cut values of a nonnegative weighted input graph $G$. Our algorithm outputs a nonnegative weighted graph $H$ such that, with probability at least $1-β$, simultaneously for all $S\subseteq V$, \[ \left|w_G(S,V\setminus S)-w_H(S,V\setminus S)\right| \leq γw_G(S,V\setminus S) + O\left(\frac{n}{γ\varepsilon} \log^7 \frac{n}{δβγ\varepsilon}\right). \] For fixed $γ, \varepsilon$ and $δ= β= n^{-10}$, the additive error is $n \operatorname{polylog} n$, improving upon the previous efficient bound of $n^{13/12 + o(1)}$. Furthermore, we establish an $Ω(n/γ\varepsilon)$ lower bound for the relevant parameter regime, showing that our result is tight up to polylogarithmic factors. Our algorithm uses a log-det-regularized SDP to generate fractional queries for multiplicative-weights updates and certify accuracy for all cuts. The privacy analysis charges privacy loss only fractionally per mechanism call, based on the amount of mass on edge coordinates retired from subsequent iterations. Our synthetic graph release yields improved error bounds for several downstream tasks in private graph analysis including correlation clustering, Max-Cut, Max-$k$-Cut, constrained cut problems and hierarchical clustering. Most notably, for unweighted complete-graph correlation clustering, we achieve the optimal $\widetilde O(n)$ additive error while reducing the best previously known approximation ratio for this additive error from several thousand to $1.387$. We also provide a formalization of our results in Lean.