WS #14070

The dominant US-Iran/Hormuz escalation narrative remains stable with no new attacks or de-escalation signals, and no fresh corporate or macro catalysts have emerged beyond what was previously reported. This window carries 5 key development(s), 3 at significance:high: UAE blames Iran for drone attacks on ADNOC tankers in Strait of Hormuz; US threatens indefinite blockade; US retail sales and UMich sentiment miss sharply, crushing Fed hike odds; OpenAI and Anthropic in price war as Chinese AI rivals gain ground; OpenAI loses second senior executive. A further 2 development(s) sit below significance:high.