WS #7141

The dominant macro narrative remains the Middle East escalation and oil supply disruption, with no new counter-signals or de-escalation in this window. However, several high-significance developments have emerged. Trump claimed via social media that Iranian military capabilities have been 'completely destroyed,' while a separate report indicates Iran has halted crude exports for 28 days amid a US naval blockade. The UK has announced it will contribute weaponry to a defensive mission securing the Strait of Hormuz. These developments are consistent with an escalating crisis. Separately, bond bears are reloading Fed rate hike wagers on stubborn inflation, and Trump stated US inflation is 'short term.' In company news, Meta is testing a Threads feature that prevents users from blocking its AI account, generating negative sentiment. Boeing may announce a big China order, which could reignite its China business. Several after-hours movers include CGTL +35%, FCHL +25%, and ADTX +18%.