WS #6763

The dominant signal in this window is a significant escalation in US-Iran hostilities, with multiple sources reporting US strikes on Iranian ports (Qeshm and Bandar Abbas) and Iran accusing the US of ceasefire violations. This is corroborated by CNBC, Al Jazeera, and multiple breaking news alerts on Bluesky. Oil futures are reacting sharply: WTI up 2.35% to $97.04, Brent at $100.06. Japan's Nikkei futures are down 1.54%, indicating broad risk-off for Asian equities. The US federal court striking down Trump's backup tariff plan is a secondary development that may offset some trade-war fears but is overshadowed by the geopolitical crisis. Cloudflare's 20% workforce layoff is a notable corporate signal, indicating a shift to AI-first operations. Nvidia's funding of Corning plants is a positive for both tickers. The US-Iran narrative is clearly ESCALATING.