WS #7918

Multiple high-signal developments emerged in this window. First, the Hormuz blockade narrative escalated sharply: Trump ordered a US Navy blockade of the Strait of Hormuz, with the UK refusing to join, and oil surged past $115/bbl. US crude futures rose over $1 to $98/bbl at the open amid Iran peace talk uncertainty. This is a major escalation from the previous IEA warning and Iran ceasefire context. Second, SpaceX's Starship V3 test flight is set for 6:30 PM ET, with the $75B IPO looming; SoftBank shares surged 20% in Tokyo on OpenAI IPO reports, and Cursor's annual revenue hit $3B ahead of SpaceX acquisition. Third, Biogen/Denali's Phase 2b LUMA trial failed, leading to discontinuation of BIIB122 in Parkinson's; DNLI trading was halted. Fourth, Conduent sold its public transit unit to Modaxo for $164M, shares jumped 12% after hours. Fifth, Workday affirmed FY2027 guidance and Q2 sales above estimates. Sixth, Harvard dumped its entire ETH position after one quarter, adding to crypto bearish signals. Seventh, the Energy Department ordered PJM and Constellation to keep Eddystone units online, indicating grid stress. Eighth, Australia's unemployment rate unexpectedly climbed. Ninth, Alberta committee passed a motion for a separation vote. Tenth, the US Army Corps finalized the Dakota Access pipeline permit. The dominant theme is ESCALATING geopolitical risk around Iran/Hormuz, with oil supply disruption fears intensifying.