WS #8000

The dominant signal in this window is the escalation of the Iran conflict, with Iran closing its western airspace for night-time flights until Monday, and an Iranian kamikaze drone striking an oil refinery in Erbil, Iraqi Kurdistan. This adds to the geopolitical risk premium for oil, supporting energy prices. The Senate advanced a war powers resolution to curb the president's authority over Iran operations, indicating political pressure but no de-escalation. Kevin Warsh was sworn in as Fed chair, taking over amid cost-of-living pressures. The SEC approved Nasdaq Bitcoin index options, a bullish signal for crypto integration with Wall Street. Coinbase insider selling continues with multiple executives reporting special transactions, bearish for COIN. A large dark pool order of 491,560 META shares ($299.98M) was detected, suggesting institutional interest. Trump's comments on AI executive order concerns add uncertainty for tech regulation. The Tulsi Gabbard resignation is now stale and not repeated. The Iran narrative is ESCALATING with new airspace closures and drone attacks on oil infrastructure.