WS #14265

The dominant narrative remains unchanged: Middle East escalation with the Strait of Hormuz closure, oil prices holding near $89 Brent / $82 WTI, and the counter-signal of covert Gulf shipping keeping prices capped. No new data points, counter-signals, or de-escalation signals have emerged in this window. The situation is stable, with no new actionable market-moving information. This window carries 5 key development(s), 4 at significance:high: Iran seizes UAE-linked tanker near Qeshm Island; Trump threatens to bomb Oman as Hormuz talks stall; Nvidia commits up to $105B to OpenAI's Ohio data center, $1.5B to SB Energy; Memory chip stocks surge as US pushes Apple away from Chinese DRAM; SanDisk up 45%, Micron crosses $1,000; 30-year Treasury yield hits 19-year high near 5.29% on fiscal and inflation concerns. A further 1 development(s) sit below significance:high.