Stocks slump globally as Trump says he is in no rush to end the war—and California is running out of jet fuel

· Fortune

Good morning. On Fortune’s radar today:

  • Markets: Oil spikes, stocks wobble.
  • California’s looming jet fuel crisis.
  • Trump signals a long war with Iran.
  • Jabil board defies angry shareholders.
  • Mass unemployment is mysteriously MIA.
  • Donald Trump Jr.’s big bet on Polymarket.

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