WS #5471

The primary signal remains the escalation in US-Iran tensions, with no new material developments in the last 10 minutes to alter the narrative. The previous synthesis captured the key elements: US seizure of the Iranian cargo ship, Iran's vow of retaliation, oil price surges, and counter-signals from the US Energy Secretary. No additional corroboration, de-escalation, or contradictory signals have emerged in this window. The situation appears stable with ongoing market focus on the geopolitical risk, but no fresh catalysts have surfaced to drive further immediate action.