WS #10432

The dominant signal in this window is the US partial lifting of Iran oil sanctions, which is a major geopolitical and energy market development. The US Treasury issued a 60-day waiver allowing Iranian oil exports, including into the US, through August 21. This is corroborated by Al Jazeera, multiple Bluesky posts, and a Bloomberg video mention. The move follows a 60-day MoU signed June 17 and is a counter-signal to the prevailing oil supply tightness narrative. Oil prices have already fallen below $75/bbl on the news. Second-order effects: bullish for oil importers and consumer stocks, bearish for US oil producers and refiners who lose a pricing tailwind. Separately, Keir Starmer's resignation as UK PM is confirmed by BBC and Guardian, with Andy Burnham emerging as frontrunner. This is a political development but has limited direct US market impact. The Qatar gas explosion is confirmed as an accident (not sabotage) by Qatar's government, with 13 dead; exports unaffected per energy minister. This dampens any geopolitical risk premium in LNG markets. On the tech side, GOOGL is sliding on news that Nobel winner John Jumper left DeepMind for Anthropic, highlighting AI talent competition. This is a MAG7-specific negative signal. The narrative arc is ESCALATING on Iran oil sanctions, STABLE on UK politics, DE-ESCALATING on Qatar explosion risk.