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Fortune

Diane Brady

The Iran war is giving rise to a centuries-old economic theory—and laying waste to the WTO-based world order

WTO Iran Fortune Diane Brady

(Credit: Stringer—Anadolu via Getty Images)

In today’s CEO Daily: Diane Brady on the rise of ‘mercantilism’ amid the Iran war.
The big leadership story: Higher minimum wages may spur robot adoption.
The markets: Mixed globally as the Iran conflict continues to rattle investors.
Plus: All the news and watercooler chat from Fortune.

Good morning. President Donald Trump’s pledge to offer insurance backstops and naval escorts for vessels transiting the Strait of Hormuz highlights the critical role it plays in global energy markets, while the continued elevation in oil prices suggests energy traders are worried that such moves may not reduce the risk of attack.

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