WS #10260

The dominant signal in this window is the confirmed re-closure of the Strait of Hormuz by Iran's IRGC, reported by multiple sources including AP, Axios, Reuters, and CNN. The closure is attributed to Israeli attacks in Lebanon and US failure to uphold ceasefire commitments. This directly threatens global oil supply, with crude prices expected to spike. However, a critical counter-signal emerges: Iran's Foreign Ministry is sending a negotiating team to Switzerland for talks with US officials, suggesting a potential diplomatic off-ramp. This creates a volatile, two-way risk for energy markets. Separately, the Nasdaq-100 reshuffle confirms AI infrastructure stocks replacing legacy tech, and Apple confirmed sourcing chips from Intel's foundry, a bullish signal for INTC. The narrative is ESCALATING on the Strait of Hormuz closure but with a diplomatic counter-signal that could de-escalate.