WS #10349

The US-Iran crisis is ESCALATING sharply. Multiple independent sources (Bluesky priority, Al Jazeera, GDELT) report that the Iranian delegation has suspended negotiations in Switzerland and left the venue in protest of Trump's threats, including a threat to seize the Strait of Hormuz and impose a 20% oil toll. Iran has explicitly linked further talks to a resolution of the situation in Lebanon, demanding Israel's full withdrawal. This contradicts earlier reports of a finalized draft on oil sanctions waivers and represents a significant breakdown in diplomacy. Separately, Ukrainian drone strikes hit oil terminals in Kerch and Port Kavkaz, disrupting Russian oil infrastructure. In tech, Micron's full 2026 HBM output is pre-sold, with customers queuing for 2027 slots, a bullish signal for $MU ahead of its Tuesday report. Disney's 'Toy Story 5' opened to $160M in US and Canada, a strong result for $DIS. Oil traders are reviving bearish bets as Iran deal deflates supply fears, but the breakdown of talks could reverse this. The narrative arc is ESCALATING: the prior frame of a finalized draft has been contradicted by the walkout, and the situation is deteriorating.