WS #5806

The data window shows escalating tensions in the Strait of Hormuz, with Iran confirming receipt of transit fees and seizing two container ships, while the US Navy has reportedly targeted Iranian boats. This directly threatens oil supply through the critical chokepoint, with oil prices likely to remain elevated. 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, X-Energy, backed by Amazon, raised $1.02 billion in an upsized IPO at $23 per share, above the marketed range, signaling strong demand for nuclear energy plays amid AI-driven power needs. Intel's Q1 results beat guidance with 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.