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Fortune
Fortune
Jim Edwards

Iran says it has a deal to reopen the Strait of Hormuz—and shipowners are outraged by its plan to charge fees

Iran the Strait of Hormuz
(Credit: Photo by ATTA KENARE / AFP)

Good morning. On Fortune’s radar today:

  • Bill Ackman on his campaign against socialism .
  • Iran and Oman have a deal to reopen the Strait of Hormuz.
  • AI capex is rising faster than analysts can track it.
  • The Iran war boosted the sale of hybrid electric vehicles.
  • Gen Zers spend more than they save .
  • AI has given us a new way to make mistakes.

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