WS #12308

The US-Iran conflict continues to escalate, with CENTCOM conducting a seventh consecutive night of airstrikes against Iran, and Iran retaliating with drone and missile attacks on Kuwaiti military facilities and a desalination plant, causing injuries. The US military also redirected four commercial vessels as part of an Iranian blockade. Oil prices surged to one-month highs, with Brent crude at $87.76 (+4.19%) and WTI at $82.08 (+3.96%). The AI sector selloff persists, driven by China's Moonshot AI Kimi K3 model, with Nvidia shares falling up to 4% and Apple regaining the title of most valuable company. SpaceX shares continue to decline, down 38% from peak, erasing ~$1 trillion in market value. Trump threatened to raise tariffs on Canada over wildfire smoke, adding trade uncertainty. The Kimi K3 narrative is corroborated by multiple sources (NYT, pro-wire, GDELT). The situation is ESCALATING on the Iran front, while the AI selloff is STABLE.