Trump’s ceasefire gives Iran control of the Strait of Hormuz—and Mojtaba Khamenei is reportedly alive

Good morning. On Fortune’s radar today:

  • Markets: Oh happy day.
  • Trump’s ceasefire gives Iran control of Hormuz.
  • Supermicro launches probe into cofounder’s Nvidia chip-smuggling arrest.
  • Project Glasswing: Anthropic’s new anti-hacker initiative.
  • Luxury spending trends up.
  • Global governments ranked by biggest sighs of relief.

This story was originally featured on Fortune.com

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