WS #6651

The dominant narrative in this window is the escalating US-Iran military confrontation, with multiple corroborating sources reporting that US forces disabled an Iranian-flagged oil tanker attempting to violate the blockade in the Gulf of Oman. This follows earlier reports of Iran attacking a vessel transiting the Strait of Hormuz. The situation is ESCALATING, with CENTCOM confirming the disablement and Netanyahu stating he and Trump agree on dismantling Iran's enrichment capabilities. This development counters the previous deal-optimism narrative and is likely to push oil prices higher, benefiting energy stocks while pressuring airlines and consumer sectors. Separately, Anthropic and SpaceX announced a compute deal that includes space development, with Anthropic valued at $1.2 trillion pre-IPO, a significant signal for AI and space tech. The FBI has reportedly opened a criminal leak investigation into the journalist who exposed Kash Patel's alleged erratic behavior, adding political noise. On the earnings front, Super Micro Computer saw bullish options activity after strong guidance, while Cummins raised guidance on data center demand. The NY Fed highlighted a stark divide in US households coping with gas price shocks from the Hormuz closure. The crypto bill faces a hurdle as Senator Gillibrand insists on an ethics provision banning officials' crypto ties, aimed at Trump's interests.