WS #11691

The US-Iran ceasefire has collapsed, with President Trump declaring the truce 'over' at the NATO summit and the US launching fresh strikes on Iranian ports and military targets. Oil prices surged over 5% (Brent near $78, WTI at $73.52) on fears of Strait of Hormuz disruption, driving a risk-off session: Dow -1.09%, S&P 500 -0.28%, while the Nasdaq eked out +0.2% on semiconductor strength. The Fed minutes revealed deep division on rate path, with half of officials seeing hikes by year-end. Iran threatens to close Hormuz if attacked further, and the Pentagon is seeking $67B in emergency funding. Russia banned diesel exports after Ukrainian refinery attacks, adding to energy supply tightness. On the tech side, Apple and Broadcom announced a $60B US-based wireless chip deal, boosting AVGO and NVDA. SK Hynix's $28B Nasdaq listing (SKHY) is set for July 10, with leveraged ETFs launching July 13. The macro narrative is ESCALATING: oil spike, inflation fears, and geopolitical risk dominate, but tech/AI stocks show resilience, creating a split tape.