WS #9527

The US-Iran conflict continues to escalate with Iran's Khatam Al-Anbiyaa Central Command announcing the full closure of the Strait of Hormuz to all vessels, confirmed by multiple sources. The US has launched additional airstrikes, and Defense Secretary Hegseth has promised more strikes on key Iranian facilities. Kuwait has temporarily closed its airspace due to Iranian attacks. Stock futures fell sharply, with the Dow dropping over 900 points and the S&P 500 falling 1.62%. Oil prices surged above $95/barrel. The tech selloff accelerated, with QQQ dropping 2% to 693.69. OpenAI is considering substantial price cuts per WSJ, which could intensify AI competition. The dominant narrative is ESCALATING with active military exchanges and a full strait closure.