WS #7661

The dominant narrative in this window is a significant de-escalation in US-Iran tensions. Multiple sources (Al Jazeera, Bluesky priority accounts) report that Trump has delayed a planned military strike on Iran, citing 'serious negotiations' and requests from Gulf leaders. This directly counters the prevailing bearish thesis of escalating conflict and potential oil supply disruption. Separately, the jury dismissed Elon Musk's lawsuit against OpenAI on a technicality (statute of limitations), with Musk vowing to appeal to the Ninth Circuit. This is a negative for Musk/TSLA narrative but does not change OpenAI's operational status. A fast-moving brush fire in Simi Valley, CA (Sandy Fire) caused Edison International (EIX) shares to dip ~6% intraday before recovering. The fire is contained but may raise regulatory scrutiny on utilities. Foreign holdings of US Treasuries fell in March, a modest negative for bond demand. Crypto ETF flows turned negative with $1B BTC outflows, ending a six-week inflow streak. The Iran de-escalation is the highest-signal item, likely to dampen oil prices and reduce safe-haven demand.