WS #10817

The dominant signal in this window is the renewed escalation of US-Iran military conflict, with multiple independent sources (Bluesky posts from geopolitical accounts, Seeking Alpha, and Polymarket trades on Hormuz traffic) corroborating that Iran struck a ship in the Strait of Hormuz and the US responded with strikes on Iranian military sites. Seeking Alpha reports U.S. crude oil climbed back above $70 after the strike, confirming the market impact. This represents an escalation from the prior 'ceasefire holds' narrative. Separately, a Bloomberg report indicates SpaceX and Charter discussed a mobile phone partnership, which is a positive catalyst for space/telecom tickers. The Russia-Ukraine conflict also saw a missile strike on Kyiv and Kremenchug, hitting a refinery, which could add to energy supply concerns. The Venezuela earthquake aftermath continues but with no new material market impact. Overall, the US-Iran situation is the highest-signal item, with the SpaceX-Charter deal as a secondary positive for telecom/space.