WS #9438

The dominant signal in this window is a significant escalation in the US-Iran conflict. Multiple sources (Bluesky priority accounts, CNBC, Benzinga) report that Iran's Revolutionary Guards have launched missile and drone attacks targeting US bases in Jordan and Bahrain, with ballistic missiles intercepted over Bahrain and ground-level explosions reported. The IRGC claims to have targeted F-35 hangars and command centers at Al-Azraq base in Jordan, and the US Fifth Fleet base in Bahrain. This follows US strikes on Iran after an Apache helicopter was downed. The escalation is corroborated by reports of drone waves targeting Kuwait's Ali Al-Salem base and ballistic missile strikes on US bases. This development directly counters the prior 'stable' thesis and is likely to drive oil prices higher, benefiting energy stocks (XOM, CVX, XLE) while pressuring airlines (DAL, UAL, AAL) and consumer discretionary. Separately, OpenAI is in talks to lease a 10-gigawatt Ohio data center with Nvidia backing, a massive AI infrastructure commitment. The Seattle City Council passed a 1-year moratorium on data center construction, which could impact data center REITs and cloud providers. The EROCK IPO raised $600M at $21.50/share, a moderate signal for the modular power sector. The Iran escalation is the highest-significance development, with cross-source corroboration from at least five independent streams. Narrative arc: ESCALATING.