WS #10450

The dominant signal in this window is the US lifting all oil sanctions on Iran for 60 days, confirmed by multiple sources (Bluesky posts, Bloomberg, Al Jazeera). This is a major geopolitical development that will significantly increase global oil supply, putting downward pressure on crude prices. The move is part of ongoing US-Iran negotiations, with Trump stating Iran will agree to major weapons inspections. This counters the prevailing bullish oil thesis driven by geopolitical risk. Separately, the Trump administration is proposing looser oil drilling rules on public lands and slashing drilling bond amounts by 95%, further boosting domestic supply expectations. In tech, Google DeepMind invested $75M in A24 for AI filmmaking tools, and a new unpatchable Apple chip vulnerability (usbliter8) was disclosed, affecting older iPhones. Netflix stock is falling on subscriber growth slowdown and rising cancellations. UK political news (Starmer resignation) and sports (Messi record) are noise for US markets.