WS #13809

The Strait of Hormuz closure narrative remains dominant and ESCALATING, with no new data points beyond what was previously reported. No counter-signals or de-escalation have emerged. Other previously noted items (Nvidia financing, Apple downgrade, Meta Glimmer, Colombia earthquake, Fed expectations) have not seen new updates. The situation is stable within the existing narrative frame. This window carries 6 key development(s), 3 at significance:high: Iran says Hormuz stays closed until US meets all demands; Trump seeks reparations from Iran; Nvidia and Wall Street giants plan $500B AI financing deal; Apple downgraded by Jefferies; iPhone 20 canceled, iPhone 18 Pro price hike. A further 3 development(s) sit below significance:high.