WS #7242

The dominant signal in this window is the escalation of Ryan Cohen's activist campaign against eBay (EBAY). Multiple sources (Reuters, Bluesky) confirm Cohen requested a board meeting, which was declined, and he stated shareholders deserve to evaluate his offer. This is a high-significance activist event that could drive EBAY volatility. Separately, the IEA warns of a 13 million barrel per day oil supply gap due to the Strait of Hormuz closure, calling it the worst energy crisis in history. This corroborates the ongoing oil supply crisis and has direct implications for energy stocks and indices. The US Senate voted to support Trump's Iran military policy, signaling continued legislative backing and potential escalation. Gold is declining on rising US inflation and rate-hike bets, per Bloomberg. The Ryan Cohen-EBAY campaign is the highest-signal development, followed by the IEA oil warning. The Strait of Hormuz crisis narrative is escalating.