WS #5676

The dominant signal in this window is a significant DE-ESCALATION in the Strait of Hormuz crisis, directly contradicting the previous window's escalation narrative. Multiple high-confidence sources (jetstream.bsky, Financial Times, GDELT) report that Trump's blockade has 'collapsed' with approximately 34 Iranian tankers slipping through, and Iran's top negotiator stating reopening the strait is 'impossible' without lifting the maritime blockade. This development, coupled with Trump's unilateral ceasefire extension (no new deadline), suggests a potential easing of immediate oil supply constraints, though Iran's seizure of two ships today indicates ongoing volatility. Concurrently, the EU has approved the first step to unlock a €90 billion loan to Ukraine, a positive macro development for European stability. In corporate news, the marijuana reclassification catalyst is confirmed with high significance: Bloomberg reports DOJ expected to ease restrictions as soon as Wednesday, and Seeking Alpha notes marijuana MSOs are surging on the Trump reclassification report. This directly impacts cannabis stocks like Akanda Corp. (AKAN), which resumed trading. Additionally, a new MAG7 signal emerges: Google's AI-generated code reaches 75%, a bullish indicator for GOOGL's AI efficiency narrative, while NVIDIA faces a counter-signal with reports of China chip sales hurdles. The U.S. banking sector shows stress with reports of $306 billion in unrealized losses, a bearish signal for financials.