WS #5683

The primary new development in this window is a significant de-escalation signal: President Trump has reportedly extended a truce with Iran, with new talks potentially scheduled for Friday. This directly counters the earlier escalation signals of vessel seizures and high casualty counts, dampening immediate bearish risk-off pressure on indices and potentially stabilizing oil prices. While the Strait of Hormuz crisis remains a dominant narrative, this truce extension introduces a moderating factor that could reduce near-term volatility in energy and defense sectors. No other material new signals emerged in this window.