WS #14455

The core narrative remains unchanged: Middle East tensions persist, oil prices remain volatile, and the market continues to balance geopolitical risks against monetary policy expectations. The AI slowdown narrative has not gained new traction, and the 10-year Treasury yield remains above 5%. There are no new counter-signals or de-escalation events that would alter the current market dynamics. This window carries 3 key development(s), 2 at significance:high: Iran's IRGC Says Oil Tanker Exploded After Striking Mines in Strait of Hormuz; AI Slowdown Fears Impact Tech Stocks. A further 1 development(s) sit below significance:high.