WS #8355

The dominant signal in this window is a series of statements from President Trump during a cabinet meeting regarding the Iran situation and the Strait of Hormuz. Trump stated that the Strait of Hormuz will be open to everyone, that a framework deal is in place, and that the U.S. is 'not satisfied' with talks but has 'things understood now with Iran.' He also said he is not comfortable with Russia or China taking Iran's enriched uranium stockpile and that the U.S. will keep control of money, indicating no easing of sanctions. These comments suggest progress toward a deal that could reopen the Strait, which would be a major counter-signal to the prevailing oil supply crisis narrative. Separately, a large dark pool trade in AAPL ($123M) was detected, and Robinhood announced AI agentic trading, which could impact HOOD. The Israel-Hezbollah conflict continues to escalate with heavy airstrikes on Tyre, Lebanon, but this is secondary to the Iran deal signals. Overall, the Iran narrative is shifting from crisis to potential de-escalation, which could weigh on oil prices and energy stocks while boosting consumer and transport sectors.