Good morning. On Fortune’s radar today:
- Iran controls the Strait of Hormuz—how bad can it be? We have answers .
- Markets: Mini rally.
- $3 billion in C-suite insider sales at CoreWeave.
- Incoming: CPI inflation.
- Why U.S. housing is stuck in a rut.
- China owns 90% of all humanoid robots.
- Italy’s $4.7 billion ‘cheese banks’ hold wheels of Parmigiano as collateral .
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