Too much fire, not enough cease: Iran tightens its grip on global oil trade on eve of peace talks

· Fortune

Good morning. On Fortune’s radar today:

  • Markets: Post-rally selloff underway.
  • Iran: It’s not going well.
  • David Zaslav’s $887 million golden parachute.
  • $1 trillion: The amount of capex needed to make AI work.
  • Kalshi trading volume hits $3 billion a week.
  • Live map shows ships avoiding the Strait of Hormuz.

This story was originally featured on Fortune.com

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