WS #5805

The data window is dominated by escalating geopolitical tensions in the Strait of Hormuz, with the US Navy reportedly targeting Iranian boats following a shoot-to-kill order, and Iran laying mines. This directly threatens oil supply through the critical chokepoint, with oil prices likely to remain above $100/barrel. The situation is corroborated by multiple sources (Al Jazeera, Axios, Newsquawk) and represents a significant escalation from the previous window's Chevron warning on jet fuel shortages. Separately, Meta confirmed 10% workforce cuts (8,000 jobs) effective May 20, with 6,000 open vacancies closed, as part of cost-cutting to fund AI investments. This reinforces the tech sector's AI-driven efficiency push and may pressure other tech firms to follow suit. Intel reported Q1 results with revenue above guidance and a strong Q2 forecast, sending shares up 20% after hours, signaling a potential turnaround in the semiconductor space. Warner Bros. Discovery shareholders approved the $111 billion Paramount takeover, creating a new media behemoth. Trump threatened tariffs on the UK over the digital services tax, adding trade friction. The Bank of England's Breeden warning from the previous window remains a high-significance carry-forward, as no contradictory signal has emerged.