WS #10361

The dominant narrative remains the Strait of Hormuz crisis, and this window confirms a sharp escalation: Iran's negotiating team has walked out of talks in Switzerland, protesting President Trump's threats. Multiple Bluesky posts corroborate the walkout, with one source explicitly stating 'Iran walks out on peace deal due to Trump's threats.' This directly contradicts the prior de-escalatory signal from US-Iran talks and suggests the crisis is intensifying. The Guardian also reports fresh bipartisan criticism of Trump's Iran deal, adding political noise. Separately, a Chubb CEO comment suggests a gradual recovery in Hormuz shipping, but this is a low-signal counterpoint. The overall narrative arc for the Hormuz crisis is ESCALATING, with the diplomatic channel collapsing. Other notable signals include: UK's Intertek agrees to a $14.5bn EQT take-private deal (M&A signal), German government to buy 40% stake in tankmaker KNDS ahead of IPO (defense sector), and Micron (MU) guided below street by $1.2B for June 24, with analysts noting FY27 contract commentary matters more. The Europe heatwave and World Cup results are noise.