U.S. President Donald Trump at the NATO Summit on July 08, 2026 in Ankara, Turkey.U.S. President Donald Trump at the NATO Summit on July 08, 2026 in Ankara, Turkey.
Iran strikes 85 U.S. military sites in the Gulf, sparking a global selloff in stocks and a spike in the price of oil
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Good morning. On Fortune’s radar today:
- Iran bombs 85 U.S.-allied sites in the Middle East.
- Markets: Oil surges, stocks slide on war fears.
- AI capex is hurting hyperscaler profits, ING says.
- Fortune’s new AI podcast (made by humans!)
- You are more likely to inherit a business than buy one.
- Why you should know about Paris Hilton’s 11-month imprisonment.
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This story was originally featured on Fortune.com
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