WS #9270

The Israel-Iran conflict has escalated dramatically in this window, with Iran launching ballistic missiles at Israel and Israel retaliating with strikes on multiple Iranian cities including Tehran, Karaj, Tabriz, and Kermanshah. Houthis from Yemen also fired a ballistic missile toward central Israel. Trump is reportedly pressuring Netanyahu to de-escalate, but Israel has continued strikes. South Korea's KOSPI plunged 8%, triggering a trading halt, driven by tech/AI sell-off and foreign investor dumping. Asian tech stocks extended losses with SoftBank down 7.5%, TSMC down 2.1%, and Samsung down 5%. The tech rout erased ~$1.8 trillion in S&P 500 market cap last week, triggered by Broadcom's revenue miss. Oil prices are surging due to Middle East tensions and Strait of Hormuz concerns. The narrative is clearly ESCALATING with no de-escalation signals in this window.