WS #6537

The US-Iran conflict in the Strait of Hormuz continues to escalate, with active military engagements and attacks on UAE oil infrastructure. Oil prices surged to $115/barrel (Brent) before slightly retreating to $113.77. The IRGC claims to have destroyed a THAAD installation in the UAE and targeted a US fuel support ship. European Commission and Parliament leaders condemned Iranian attacks on the UAE. A fragile ceasefire appears to have unraveled. JetBlue warns bankruptcy looms within weeks due to fuel costs. The UK faces risk of jet fuel rationing. Goldman Sachs warns of 'extreme tightness' in Europe's jet fuel supply. US Secretary of Defense and Joint Chiefs Chair will hold a press conference tomorrow at 8 a.m. EST. Alphabet issued a 100-year bond at 6.125% — nearly 10x oversubscribed. Meta is working on a ~$13 billion data center financing in El Paso with Morgan Stanley and JPMorgan. Palantir signaled $7.650B-$7.662B FY2026 revenue outlook. The dominant narrative is ESCALATING US-Iran conflict with direct military clashes, oil price spike, and global economic risk.