WS #9046

The dominant signal in this window is a drone strike on Oman's Mina al-Fahal oil terminal, which briefly halted operations before resuming. This event, corroborated by multiple sources (Bluesky priority posts, Al Jazeera, Bloomberg), caused a brief oil price spike but was quickly countered by Oman's statement that operations were proceeding normally and the terminal resuming operations. The AI trade unwind continues to dominate broader markets, with Bitcoin sliding to near $62,000, Broadcom's disappointing outlook dragging Asian equities lower, and the KOSPI falling 4.7%. However, a counter-signal emerges: CrowdStrike's CEO brushes off post-earnings dip and points to exploding AI demand, suggesting the AI trade may not be broken. Additionally, India scrapped taxes and removed caps on some bonds for foreign investors to stabilize the rupee, a policy response to capital outflows. The Iran-Hormuz crisis narrative remains stable with no new escalation data beyond the Oman drone strike, which was quickly resolved.