WS #6926

The dominant narrative remains the escalating Iran-US confrontation, with the Strait of Hormuz effectively blocked after naval skirmishes. This window contains no new developments on that front, and the narrative is STABLE. A notable MAG7 carve-out from the previous window (AAPL-INTC chip deal) has no new corroboration and is not carried forward. The Anthropic $1T valuation signal from the previous window remains unrefuted and is carried forward as a high-significance positive for AI-related tickers. No genuinely new material developments have emerged in the last 30 minutes.