WS #5451

The Strait of Hormuz crisis remains the dominant signal, with no new developments in the last 10 minutes to alter the narrative of escalating tensions and market impacts. The previous synthesis accurately captured the key elements: U.S. seizure of the Iranian ship Touska, Iran's vow of retaliation, oil price rebound, and risk-off sentiment in futures. No counter-signals or de-escalation have emerged, and the situation appears stable within this short window. Secondary signals, such as the semiconductor supply chain concerns, also show no updates, leaving the focus unchanged on geopolitical risks affecting energy and broader markets.