WS #10451

The dominant signal in this window is the confirmation that the US has lifted all oil sanctions on Iran for 60 days, as part of an interim peace deal, reopening the US market to Iranian crude for the first time in 35 years. This is corroborated by multiple sources (Bluesky posts, Bloomberg, Al Jazeera) and represents a major geopolitical shift that will significantly increase global oil supply, putting downward pressure on crude prices. This counters the prevailing bullish oil thesis driven by geopolitical risk. Separately, the Interior Department is moving to relax rules for drilling on public lands, further boosting domestic supply expectations. In tech, Apple and Tesla had sensitive documents exposed after a ransomware hack on Tata Electronics, which is a negative for both companies. Netflix stock is falling on subscriber growth slowdown and rising cancellations. Alan Greenspan's death at age 100 is notable but unlikely to move markets. Sports and entertainment news (Messi record, WWE, NBA) are noise for US markets.