WS #12316

The US-Iran conflict continues to escalate with a seventh consecutive night of US airstrikes, now reaching deeper into Iran including Yazd, Ahvaz, and Bandar Abbas. IRGC claims destruction of a US drone depot in Bahrain. This escalation is confirmed by multiple sources (Al Jazeera, Guardian, BBC, social media). The conflict is driving oil prices higher, with hedge funds piling into bullish Brent bets at the fastest pace in almost a decade. US markets closed lower: SPY -1.0%, QQQ -1.5%, NVDA -2.2%, TSLA -2.6%, VIX +12.19%. The AI selloff continues with Moonshot AI's breakthrough pressuring semiconductor stocks. Apple (AAPL) remains resilient, rising 0.14% as a defensive haven. Trump threatens Canada with tariffs over wildfire smoke, and Citi warns of short-term drag on theme park attendance for FUN and PRKS. The Paramount Skydance merger lawsuit judge will rule by July 22. IBM disclosed multiple critical vulnerabilities in Langflow OSS (CVSS 9.9).