WS #7753

The dominant signal in this window is the U.S. Senate advancing a War Powers Resolution to limit Trump's Iran war, with four Republican defections including Bill Cassidy after his primary loss. This is corroborated by multiple sources (AP, Bloomberg, CBS, NBC, social media) and represents a significant escalation in Congressional opposition to the administration's Iran policy. The resolution passed 50-47, with only Democrat Fetterman crossing over. This development could pressure oil prices lower on reduced risk of escalation, but the immediate market impact is muted as the resolution still faces hurdles. Separately, crude inventories posted a massive 9.1M barrel draw vs 3.4M expected, alongside a 9.9M SPR decline, which is bullish for oil prices. Meta is reportedly laying off 10% of staff while moving 7,000 employees into AI roles, signaling continued AI investment. SpaceX is said to plan acquiring startup Cursor 30 days after its IPO, per Bloomberg. The 30-year Treasury yield spiked to 5.18%, highest since July 2007, pressuring gold and silver. Home Depot beat Q1 estimates slightly. Japan's Q1 GDP surprised at 2.1% annualized. The dominant narrative arc is ESCALATING Congressional pushback on Iran war, which counters the prevailing bearish oil thesis from potential supply disruption.