WS #6790

The dominant signal in this window is a significant escalation in the US-Iran military confrontation, with multiple sources reporting US airstrikes on Iranian targets and a cargo boat hit near the Strait of Hormuz. This is corroborated by a senior US official confirming strikes on oil tankers trying to break the blockade, and a UN resolution introduced to bar Iran from controlling the strait. The narrative is clearly ESCALATING, with new kinetic events and diplomatic moves. Separately, the US April jobs report showed 115,000 jobs added (solid but not market-moving), and Wall Street opened higher on the data and Iran deal hopes. In corporate news, Datadog (DDOG) surged over 31% on strong earnings, while Trade Desk (TTD) slid on weak guidance. Tesla (TSLA) recalled all 173 RWD Cybertrucks for wheel detachment risk, a minor recall but adds to negative sentiment. The Swiss National Bank bought $10M of MSTR shares, a bullish signal for Bitcoin exposure. The Trump-Xi summit set for next week in Beijing is a key geopolitical event to watch, with implications for trade, Iran oil sanctions, and Taiwan.