WS #11583

The dominant signal in this window is the escalation of the Strait of Hormuz crisis, with an Iranian attack on a commercial tanker confirmed by multiple sources (CNBC, GDELT, Bloomberg, Axios). Oil prices rose 1.5% on the news, and Shell warned of LNG supply risks. This is corroborated by a separate report of Ukrainian drones striking Russia's largest oil refinery in Omsk, adding to energy supply disruption fears. The tech selloff in Asia is intensifying, with the KOSPI plunging 8% and Samsung falling 10% despite strong earnings, as investors rotate out of mega-cap tech. The Magnificent Seven lost $2.3 trillion in a rotation. Separately, a massive tech rotation is underway, with the Magnificent Seven losing $2.3 trillion. Microsoft announced 4,800 job cuts, hitting Xbox hard. China's gold reserves fell to $303.72B from $340.75B, a significant drop. Explosions in Damascus during Macron's visit add geopolitical risk. The Strait of Hormuz narrative is ESCALATING, the tech selloff is ESCALATING.