WS #14139

The dominant US-Iran/Hormuz narrative remains in an escalation phase, but this window introduces a potential counter-signal: Iran and Oman have reached an understanding on a maritime navigation map for the Strait of Hormuz, though a broader deal is not finalized and Iran insists the strait will only reopen under its command. This is corroborated by multiple sources (ANP, IANS, Gulf News, GDELT) and could dampen the prevailing bearish oil thesis if it progresses, but current data still shows traffic near standstill, with two ADNOC vessels attacked and Mocha port suspending operations. Separately, Nvidia's SEC filing reveals a $21B SpaceX stake and a $25B windfall from its Intel investment, while Alphabet's SpaceX stake is now worth $94B (100x return), and Berkshire Hathaway increased its Alphabet stake by 83% to ~$37.8B. These are high-significance, cross-corroborated developments for tech and AI infrastructure names. Additionally, Anthropic is preparing a major IPO with projected 2028 revenues of $190-200B, and OpenAI/Anthropic are cutting prices in response to Chinese AI competition, pressuring AI margins. The Israel-Lebanon strikes (11 killed) and Hezbollah commander killing are escalation signals but are part of the ongoing narrative with no new market-moving data beyond the existing conflict.