WS #7791

Multiple high-signal developments in this window. First, the Strait of Hormuz situation shows a de-escalation counter-signal: ADNOC CEO says a bypass pipeline is 50% complete, and IRGC Navy states transit is ongoing with permits, while three supertankers carrying 6 million barrels exited the strait. This dampens the bullish oil thesis. Second, Samsung Electronics union has suspended its planned general strike and will put a tentative wage deal to a vote, with union leadership expecting approval. This removes a key supply-chain risk for semiconductor stocks. Third, Intuit announced a 17% workforce reduction (3,000 jobs) as part of an AI restructuring, sending shares lower. Fourth, Google I/O 2026 unveiled a major search redesign integrating Gemini 3.5 Flash globally, which Alphabet calls the biggest search upgrade in 25 years. Fifth, SpaceX IPO paperwork could be made public as soon as Wednesday, with potential $80B raise. Sixth, ASML CEO expects tight chip supply amid AI boom. Seventh, a $2.3M whale bought deep OTM Intel calls (195 strike, July 17), and INTC was up 9% on the day. Eighth, Lithuania's president and PM were rushed to bunkers after a drone violated airspace, the first such alert in an EU/NATO country since Russia's 2022 invasion. Ninth, UK energy bills forecast to rise £200/year due to Middle East crisis. Tenth, Barney Frank died at 86, but this is not market-moving.