WS #12955

The dominant signal in this window is the escalation of US-Iran hostilities, with CENTCOM confirming Iran launched ballistic missiles at US forces in Jordan, all intercepted. This shatters a brief calm and re-escalates the geopolitical risk premium, directly impacting oil prices and risk assets. Simultaneously, the global semiconductor selloff deepens, with the Nasdaq-100 entering correction territory, driven by AI profitability concerns and Chinese lithography competition. The Senate confirmed Jay Clayton as DNI, a political development with limited direct market impact. The American Airlines IT outage has been resolved. The narrative arc is ESCALATING on the Iran front and STABLE on the semiconductor rout, which continues without new catalysts. Key cross-source corroboration exists on the Iran missile attack (CENTCOM, Reuters, multiple news outlets) and the chip selloff (multiple financial news sources).