WS #12161

The US-Iran conflict has escalated dramatically, with Iran declaring the peace deal void and announcing an 'existential war' after new US airstrikes hit Bandar Abbas, Chabahar, and Ahvaz. Iran's military spokesman stated that US compliance with Iranian regulations in the Strait of Hormuz is the only way to reopen the waterway. Multiple sources (Al Jazeera, BBC, social media) corroborate the breakdown of the ceasefire and intensified hostilities. This represents a significant escalation from the previous window, where the conflict was ongoing but markets were largely ignoring it. The oil market reaction has been muted so far (Brent ~$84.90, WTI ~$80.41), but the risk of a sustained supply disruption is now higher. Separately, IBM shares plunged 25% after CEO admitted the company fell behind, marking its worst single-day drop in 115 years. This is a major negative signal for IBM and legacy tech. On the positive side, Apple hit a new all-time high, and Eos Energy surged 11.2% after winning a Golden Dome contract from the Pentagon. The dominant narrative is ESCALATING on the US-Iran front, with the peace deal voided and fighting expanding.