WS #12162

The US-Iran conflict continues to escalate, with Iran declaring the peace deal void and announcing an 'existential war' after new US airstrikes hit Bandar Abbas, Chabahar, and Ahvaz. Multiple sources (Al Jazeera, BBC, social media) corroborate the breakdown of the ceasefire and intensified hostilities. 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. Goldman Sachs warns Brent could top $110 if Gulf exports remain constrained. Separately, SpaceX shares fell below IPO price, down 41% from peak, as the stock continues to slide. On the positive side, 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.