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Fortune
Fortune
Jim Edwards

Wall Street buckles in for a long war as Hormuz remains closed and Trump says he has ‘plenty of time’

Photo: President Trump (Credit: Photo by SAUL LOEB / AFP)

Good morning. In today’s Fortune:

  • The stock markets sold off as the price of oil went over $100 again.
  • Exclusive: Binance was asleep at the wheel as its wallets funded Iran.
  • “Plenty of time” — three words spooking Wall Street.
  • Is Iran’s new leader dead or alive?
  • AI might actually be creating new jobs already.
  • Meta fears it’s falling behind in AI race.
  • Chart: What Americans spend their tax refunds on.
  • Prediction: Don’t bake in rate cuts from the Fed.
  • Hollywon’t: The movie industry is shrinking.
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