WS #6035

Oil prices surged ~2% as U.S.-Iran talks stalled, with Brent topping $107/bbl and Strait of Hormuz flows constrained. This is an escalation from the previous window's 'stalled talks' status, now with confirmed price impact. Separately, Meta plans to lay off ~10% of its workforce (7,800 employees) on May 20, citing efficiency and AI investment costs. This is a new development with direct implications for META stock. Other items are noise: memes, routine news, or non-market events.