The Brutalist Report

Fortune

• Stock futures sink while oil spikes as the U.S. Navy looks to block Iran’s exports and break its grip on the Strait of Hormuz [1d]
• A major U.S. gasoline production hub is in such a severe drought that its refineries may be hobbled. ‘We are actively praying for a hurricane’ [1d]
• U.K. won’t take part in Trump’s planned blockade of Hormuz strait [1d]
• Hungarian voters oust Viktor Orbán, a close ally of Trump and Putin, despite late campaign push from JD Vance [1d]
• Blazing hot IPOs, an AI agent craze, and a new word for ‘token’: Here’s what’s happening in the world of Chinese AI [1d]
• Iran’s crumbling economy is the regime’s greatest weakness with prices up 40% since the war began while authorities worry about making payroll [1d]