WS #13836

The dominant Strait of Hormuz narrative remains unchanged, with no new data points or counter-signals. Other previously reported items (Nvidia financing, Libya attacks, DJT losses, Apple-CXMT, Intel share sale) have not advanced. The market awaits the July CPI report as the next catalyst. This window carries 6 key development(s), 3 at significance:high: Trump demands Iran compensation as Hormuz deal hopes fade; oil jumps ~5%; Nvidia partners with six financial giants to raise $500B for AI infrastructure; Libya's Zawiya refinery hit by third drone attack; NOC threatens force majeure. A further 3 development(s) sit below significance:high.