WS #9524

The US-Iran conflict has escalated dramatically with CENTCOM announcing completion of strikes against Iranian military surveillance, communication systems, and air defense sites across Iran. Iran has retaliated by closing the Strait of Hormuz to all vessels, a major escalation that threatens global oil supply. Multiple sources (CENTCOM, Reuters, NBC, independent OSINT) corroborate the strikes and the Strait closure. S&P 500 futures have recouped early losses to rise 0.3%, and Nasdaq futures are up 0.5%, suggesting markets are pricing in a contained conflict or expecting de-escalation. However, the Strait of Hormuz closure is a severe supply-side shock that could push oil prices sharply higher, impacting energy stocks, airlines, and consumer sectors. Separately, SpaceX IPO demand tops $250B, indicating massive investor appetite. The dominant narrative is ESCALATING with a new, severe development: the Strait of Hormuz closure.