WS #6728

The dominant narrative remains the Iran-Strait of Hormuz conflict, which is STABLE with de-escalation signals. Multiple sources (Al Jazeera, NYT, Bloomberg) report the US pushing Israeli de-escalation ahead of new talks, and a House Republican proposing a bill to wind down the Iran war. A CIA assessment suggests Iran can withstand the blockade for 3-4 months, indicating no imminent collapse. Oil prices are extending their drop as Iran weighs a Hormuz deal, with WTI crude down over 12% in the last day. This counters the previous bullish oil thesis. Separately, the Trump administration plans to invite CEOs from Nvidia, Apple, and Exxon on a China trip, with Boeing's CEO also joining, eyeing a major deal. This is a positive catalyst for those stocks. On the corporate front, HawkEye 360 opened 30% above its IPO price, while Suja Life sank 14% post-IPO. Amazon Web Services launched a new AI payments infrastructure with Coinbase and Stripe, signaling growth in the agentic economy. Paul Tudor Jones said the AI bull market has plenty of room left, adding to positive AI sentiment. The two men found guilty of spying for China in the UK is a geopolitical development but has limited direct market impact.