WS #12494

The dominant theme in this window is the escalating US-Iran conflict, with multiple corroborating sources reporting new developments. Iran's president declared a 'full-scale war' after expanded US attacks, and the US has intensified airstrikes following soldier deaths. Houthis announced a maritime blockade on Saudi Arabia, and Air France suspended flights to Saudi Arabia and UAE. Oil prices are elevated (WTI ~$83, Brent ~$89). The US Strategic Petroleum Reserve fell to its lowest since 1983. Separately, AI infrastructure spending remains robust: IREN raised its AI Cloud ARR target to $4B and signed $2.8B in deals, Prysmian signed a $6.3B optical cable deal with Molex, and BlackRock is selling $12B in bonds for an AI data center. BofA expects META to beat Q2 estimates. Bitcoin crossed $65,000 on CLARITY Act progress. UK cabinet reshuffles continue with Yvette Cooper as Health Secretary and John Healey as Chancellor. The US-Iran conflict is ESCALATING, while AI infrastructure narrative is STABLE with positive signals.