WS #8347

The dominant theme remains the Iran conflict, which is STABLE but with new diplomatic signals. Trump stated Iran will not receive sanctions relief even if they stop enrichment, per PBS/Reuters, maintaining high geopolitical tension without escalation or de-escalation. However, a key counter-signal emerged: a draft deal would restore Strait of Hormuz shipping within a month (FT via Bluesky), which could offset oil supply fears. Separately, a major MAG7 carve-out signal persists: multiple dark pool alerts show massive institutional buying in AAPL, with cumulative orders exceeding $281 million in this window alone, contradicting the prevailing macro narrative of tech weakness. Additionally, Soitec reported FY results with strong Photonics-SOI momentum driven by AI data center demand, and a whale placed a $3.06M bet on VRT calls, signaling bullish AI infrastructure sentiment. On the negative side, Zscaler guidance disappointed, leading to analyst cuts. The FAA ordered SpaceX to investigate Starship V3 booster failure, which could impact space-related sentiment.