WS #8876

The dominant signal in this window is the continued escalation of the US-Iran conflict, with fresh military exchanges reported by multiple sources. Iran's IRGC claims missile and drone attacks on US Fifth Fleet headquarters in Bahrain and the vessel PANAYA, while the US struck an Iranian oil tanker and a telecom tower on Qeshm Island. Oil prices rose in early Asian trade on this escalation. Separately, Bitcoin and other cryptocurrencies crashed after Strategy Inc. (MSTR) sold Bitcoin, with analysts pointing to 'meaningful' stress. The Scott Pelley firing from CBS News is a media story with no direct market impact. The Supreme Court's Alabama redistricting ruling is political noise. The US-Iran conflict is ESCALATING, while the crypto sell-off is a new negative signal for risk assets.