WS #9495

The dominant theme is the escalating US-Iran conflict, with multiple sources reporting new strikes, threats, and a secret oil mission. Trump warned Iran of new strikes, Iran claims maximum operational readiness and rejected trilateral talks. The US released 40M barrels from the SPR, and oil surged nearly $3. A key counter-signal emerged: Energy Secretary Wright admitted a prior claim about Navy escorting an oil tanker was false, and the administration's own energy secretary said he was 'unaware' of US taking out Iranian oil, opening a split. This dampens the bullish oil narrative somewhat. Separately, TSMC reported strong May revenue (+30.1% YoY), a positive for semiconductors. SpaceX IPO continues to draw massive orders, including billions from Gulf funds, with 555.6M shares at $135 each. The tech selloff is in full force with NVDA/AMD/AVGO/MU down 3-4.8%, TSLA -3.7%, AMZN/META -2.1-2.5%, while energy and staples hold green. Inflation hit a 3-year high. Gold entered a bear market. The US-Iran narrative is ESCALATING.