WS #8695

The dominant theme remains the escalating Middle East conflict, with no de-escalation signals. Multiple sources report that Trump sent tougher Iran deal terms after a Friday Situation Room meeting, including stricter nuclear limits and Strait of Hormuz access. Tehran's response may take days, and rejection risks escalation, sanctions uncertainty, and energy/shipping shocks. Oil prices rose from a six-week low amid uncertainty over a US-Iran peace deal, with negotiations showing little sign of a breakthrough. Separately, Israeli ground forces seized a castle in Lebanon, marking the largest Israeli advance into Lebanon in years, and sirens were reported in over 20 settlements in northern Israel. Ukrainian drones struck an oil pumping station 800 miles into Russia and ignited a Saratov refinery, adding to energy supply disruption risks. In company-specific news, META is reportedly laying off AI engineers, and its stock is showing elevated volatility with a 50-day moving average at $624. Goldman Sachs is said to be warning that big funds are selling GOOGL, NVDA, and other megacaps to raise cash for the SpaceX IPO on June 12. The Colombian presidential election heads to a June 21 runoff with right-wing outsider Abelardo de la Espriella leading Iván Cepeda 43.77%-40.88%.