WS #8966

The dominant theme in this window is the rapid unraveling of the Israel-Lebanon ceasefire. Multiple sources (OSINT, Guardian, Axios, Al Jazeera) report that Israel will continue ground operations in southern Lebanon despite the agreed ceasefire, with Defense Minister Katz vowing no withdrawal. This directly contradicts the de-escalation narrative from the previous window and represents an escalation. Separately, Iran said there has been no progress in talks with the US over an interim peace deal, further dampening hopes for a broader Middle East detente. On the macro front, Broadcom (AVGO) tumbled on a revenue miss, clouding AI boom bets and dragging Nasdaq futures lower. The House passed a war powers measure on Iran, but Trump is expected to kill it, adding political noise. China's PBOC announced a 500 billion yuan reverse repo operation, signaling liquidity support. Japanese officials' Moscow talks with commodity exporters (reported by Bloomberg) suggest potential shifts in energy supply dynamics. The St. Petersburg oil terminal strike aftermath is visible in satellite images, confirming significant damage. Overall, the Middle East situation is ESCALATING, Broadcom's miss is a negative for semis, and the Iran deal prospects are fading.