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. 📬 Would you prefer to receive this information in your email inbox every morning before the markets open in New York? Sign up here. This story was originally featured on Fortune.com ...read more read less