WS #4684

The data window shows no genuinely new market-moving developments compared to the previous synthesis. All reported events—the attack on Saudi Arabia's SATORP refinery, US diplomatic efforts in Pakistan, Iran's universities being bombed, Strait of Hormuz flow constraints, weak University of Michigan Consumer Sentiment data, and Fed commentary on inflation—were already covered. No new counter-signals, de-escalation, or non-dominant-narrative developments have emerged in the last 10 minutes to alter the existing geopolitical and economic landscape.