WS #14285

The US-Iran conflict remains the dominant market driver, with the 60-day ceasefire expiring without renewal and both sides hardening positions. Iran has shifted to a 'fully offensive' posture and threatens to break the US naval blockade, while President Trump has threatened to bomb Oman and ruled out extending the agreement. This has pushed Brent crude to $90.87 (+2.65%) and WTI to $84.50 (+2.5%), with Murban surging 9.26%. The oil spike is stoking inflation fears, driving the 30-year Treasury yield to 5.31%, its highest since 2007, and pressuring equities (S&P 500 -0.52%, Dow -0.51%, Nasdaq -0.31%). Energy is the sole S&P 500 gainer (+0.87%), while airlines and consumer discretionary are hit. The situation is ESCALATING, with no counter-signals in this window. Separately, Nvidia announced a $105 billion financing commitment for an OpenAI data center in Ohio, a major AI infrastructure development that could support NVDA and related names despite the macro headwinds.