WS #10610

The dominant signal in this window is the continued de-escalation of the Strait of Hormuz oil supply crisis, with U.S. Energy Secretary Wright confirming 72 ships carrying 20M barrels exited in the last 24 hours, though Iranian mines are delaying a full return to normal flows. This is corroborated by multiple sources (Alpaca News, Reuters, Nikkei) and is driving oil prices down 4%, boosting airline stocks (DAL, UAL) and pressuring energy names (XOM, CVX). Separately, Trump's cancellation of the housing bill signing to pressure for the SAVE America Act is confirmed by Al Jazeera, FT, and Seeking Alpha, adding to US political uncertainty. The NTSB has opened a probe into the fatal Texas Tesla crash, corroborated by TechCrunch, Ars Technica, and Seeking Alpha, adding regulatory risk to TSLA. On the macro side, a Bloomberg report suggests Treasury Secretary Bessent floated a single rate hike, which could pressure growth stocks. The dominant narrative is oil de-escalation (DE-ESCALATING), US political gridlock (ESCALATING), and TSLA regulatory risk (ESCALATING).