WS #10187

The dominant narrative in this window is the rapid unraveling of the US-Iran framework deal signed on June 17. Iran's Foreign Ministry confirmed the Friday Switzerland meeting is postponed, with the MoU signed digitally, and stated talks depend on implementation of specified terms. Simultaneously, the IRGC declared the Strait of Hormuz will remain closed until Israel withdraws from Lebanon and US forces leave the region, threatening to target any ship entering. This directly contradicts earlier reports of traffic resuming (25 vessels crossed on Thursday). However, multiple sources report that Israel and Hezbollah have agreed to a new ceasefire, mediated by Qatar, the US, and Iran, set to go into effect Friday. This ceasefire could serve as a counter-signal, potentially de-escalating the immediate crisis and reopening diplomatic channels. Separately, Meta's AI overhaul is stumbling, with CTO Bosworth calling the reorg 'atrocious' and its Muse Spark model slipping, which is a negative signal for META. IBM dropped 6.9% after Accenture's weak outlook and its own AI study raised concerns about enterprise AI spending. China is scrutinizing indium exports, key for AI chips, which could pressure chipmakers. UK political turmoil escalates as multiple cabinet ministers reportedly tell Starmer to set a departure timeline. Ukraine launched its largest drone assault on Moscow (555 drones), hitting the Kapotnya oil refinery, escalating energy supply risks.