WS #9315

The dominant narrative remains the Iran-Israel geopolitical escalation, which is ESCALATING. Iran has shifted from proxy warfare to direct firepower, with Lebanon emerging as a critical flashpoint. A new report indicates Iran's strike on Israel suggests the regime's sense of resilience is growing. However, a counter-signal emerged: Iran and Israel say they have halted strikes after first exchange of fire since truce, and Trump intervenes demanding Israel hold fire. This de-escalation attempt could dampen the oil spike narrative. Meanwhile, Apple's WWDC keynote is underway with Siri AI announcements, but early analyst reaction from Gene Munster notes no timing given for Siri AI availability, which may be an issue for the stock. Siri AI won't initially launch in EU or China due to regulatory challenges. A federal judge blocked Trump's $100,000 H-1B visa fee, which could benefit tech companies reliant on skilled immigration. France and Germany abandoned the joint FCAS fighter jet project, a blow to European defense. Ukraine confirmed strikes on two major oil bases in Crimea and the Krasny Yar pipeline station, adding to oil supply disruption concerns. Russia is preparing to sharply reduce crude oil exports this month as mounting refinery disruptions and Ukraine's bombing campaign force Moscow to divert more barrels into the domestic market. BofA sees 'red flags' in the U.S. stock market, warning it's time to 'take profits'. Peru's presidential race is a dead heat with Roberto Sanchez overtaking Keiko Fujimori in the official tally. A 6.4 magnitude earthquake struck Cuba. SpaceX IPO countdown begins. Zepto publicly files for planned $1 billion India IPO. Sam Bankman-Fried seeks Trump pardon.