WS #9594

The dominant theme in this window is the ongoing US-Iran military escalation, with multiple sources reporting explosions off the coast of Sirik, Iran, and Iran confirming projectiles fired at vessels in the Strait of Hormuz. This corroborates earlier reports of US threats to strike Iran and seize oil infrastructure. However, a key counter-signal emerged: Trump cancelled planned strikes, leading to a US stock rally and oil price decline, as reported by Channel NewsAsia. Gold prices popped on the cancellation news. Separately, after-hours micro-cap chaos is notable with BYAH +106%, VSME +50%, EDHL +44%. Insider selling was reported at GM (CEO Mary Barra sold 20,582 shares) and Airbnb ($16.7M cluster sell). The US-Iran situation remains the highest-signal development, with the cancellation of strikes acting as a counter-signal that dampens the bearish oil/geopolitical thesis. The narrative arc is DE-ESCALATING relative to the prior window's strike threats, but the situation remains fluid with ongoing military activity.