WS #7738

The dominant theme in this window is the escalating Iran/Strait of Hormuz crisis, with NATO discussing a potential mission to protect commercial ships if the waterway remains closed into early July, and new infrastructure projects seeking to bypass Hormuz. The US has decoupled from its European anchor as Iran reaches critical uranium enrichment (441kg). Polymarket contracts continue active trading on Strait of Hormuz traffic, airspace closure, and oil price spikes. The Ebola outbreak in DRC is escalating, with a CDC official confirming one high-risk exposure case traveling to the Czech Republic. Google I/O continues to generate AI news: Gemini 3.5 Flash surpasses GPT-5.5 in agentic benchmarks, and Google unveiled Gemini Omni video model and new audio smart glasses. Meta's offer to give rival AI chatbots limited free WhatsApp access is confirmed by Reuters, but competitors say it doesn't address competition concerns. The bond yield spike continues with Japan's 10Y above 2.80%. Tech selling pressure persists (AMZN -2.13%, GOOGL -2.01%, META -1.5%, MSFT -1.25%), while MU +4.04% and LLY +2.66% stand out. The Trump IRS settlement broadens to protect past tax returns, with a new addendum 'forever' barring audits. The San Diego mosque shooting investigation reveals radicalization online and seizure of 30+ guns. Overall, the Iran/geopolitical risk is ESCALATING, the Ebola outbreak is ESCALATING, and the tech selloff is STABLE.