WS #9573

The dominant narrative in this window is a sharp reversal in US-Iran tensions. President Trump threatened to strike Iran 'VERY HARD TONIGHT' and seize Kharg Island, but then abruptly canceled the planned strikes, claiming progress in negotiations for a new deal. This pivot is corroborated by multiple sources (Axios, Bloomberg, FT, Politico, AP, and numerous social media posts). The cancellation triggered a drop in oil prices (Brent down ~4.8%, WTI down ~3.6%) and a rally in airline and cruise stocks, while oil and gas shares traded lower. Separately, Citi launched tokenized depositary receipts for private shares (SpaceX, Anthropic), and Trump nominated Jay Clayton as DNI. The BOJ deputy will handle the upcoming rate decision press conference as Governor Ueda is hospitalized. The US-Iran de-escalation narrative is now ESCALATING in the opposite direction—from imminent strikes to canceled strikes—which is a material shift from the prior window's 'no new developments' stance.