WS #14053

The dominant Middle East narrative remains stable with no new escalation or de-escalation signals, and no new data points have emerged on the oil supply situation, tariffs, or AI trade. The market continues to digest the previously reported cooling inflation and reduced Fed hike odds, with no new catalysts to alter the near-term outlook. This window carries 28 key development(s), 6 at significance:high: US threatens indefinite naval blockade of Iran; oil prices edge up; UAE confirms two ADNOC vessels attacked in Strait of Hormuz; Trump imposes tariffs up to 100% on drone imports; Goldman Sachs in talks with investors for Nvidia's $500B AI financing; S&P 500 hits record high as PPI cools, Fed hike odds drop; Apple to launch AI tools in China, trained with Alibaba support. A further 22 development(s) sit below significance:high.