WS #8945

The dominant signal in this window is the US House passing a War Powers Resolution (215-208) to restrict Trump's ability to continue military action against Iran without congressional approval, with four Republicans joining Democrats. This is a significant bipartisan rebuke that could pressure the administration toward de-escalation, though the resolution still needs Senate approval and faces a likely veto. The narrative arc is ESCALATING on the political front, but the underlying geopolitical situation remains volatile with Iran striking Kuwait airport and Ukraine hitting a St. Petersburg oil terminal. Separately, SpaceX filed its IPO prospectus at a $1.75 trillion valuation ($135/share), which could make Elon Musk the world's first trillionaire and is a major positive catalyst for space/tech sentiment. Oil prices remain elevated (Brent ~$97.81) amid Hormuz disruption, but Kuwait said output won't recover for 10-12 weeks after reopening, suggesting persistent supply tightness. In earnings, Broadcom fell 5% after-hours on a revenue miss, CrowdStrike dropped 9% on weak guidance, and Petco slid 18% on disappointing Q2 forecast. The Israel-Lebanon ceasefire agreement is a counter-signal to broader Middle East tensions, potentially dampening some risk premium.