WS #10882

The US-Iran conflict has escalated significantly in the last 30 minutes. Multiple sources (Al Jazeera, Bloomberg, Axios, CENTCOM, and various social media accounts) confirm that the US launched a second consecutive night of strikes against Iran, targeting military surveillance infrastructure, communication systems, air defense sites, drone storage, and minelayer capabilities. This follows an Iranian drone attack on a Panama-flagged oil tanker carrying over 2 million barrels of crude oil near the Strait of Hormuz. The strikes are described as more intense than the previous night, with blasts reported on Qeshm Island and in Sirik, southern Iran. The June 17 MOU ceasefire appears at a breaking point. Separately, Ukraine struck a Russian oil pumping station supplying Moscow for the second time in a month, and a car-ramming incident in London injured five. Micron reported earnings per share of $25.11, beating consensus of $20.49, and revenue of $41.46 billion, surpassing expectations. SpaceX is being added to the Nasdaq under a fast-track framework, with Kalshi pricing a 50% chance of a Tesla-SpaceX merger within a year. The US-Iran escalation is the dominant market-moving theme, with direct implications for oil prices, energy stocks, and broader risk sentiment.