Good Morning. Thousands of ships are stranded and crude just cracked $100. We break down the Iran energy crisis and what comes next.

We also cover Anthropic's Pentagon lawsuit, why dog haircuts cost more than yours, and Pete Holmes on saying yes to bad days (forwarded this email? Join 523K readers).

A U.S.-Iran conflict is disrupting global energy markets, with Brent crude briefly surpassing $100 per barrel as fighting paralyzed the Strait of Hormuz, a passage carrying roughly 20% of the world's oil and LNG. Thousands of ships remain stranded outside the Persian Gulf.

Iran currently produces about 4% of global oil supply (chokepoint map), roughly 3.5 million barrels daily. Pre-1979, that figure reached 6 million barrels. Decades of sanctions, underinvestment, and lost foreign expertise have suppressed output significantly, with production costs remaining low at $10 to $30 per barrel.

If sanctions are lifted following potential regime change, analysts project output could rise by over 10% by late 2027, potentially reducing Brent prices by $5 to $10 per barrel. Trump says Iran War will end “very soon.”

Anthropic filed a lawsuit Monday against the Trump administration after the Defense Department designated the AI company a supply-chain security risk and moved to cancel its federal contracts. The company's $200 million Pentagon contract is now at stake, and federal agencies were ordered to stop using its Claude models within six months.

Thirty-seven researchers from OpenAI and Google, including Google DeepMind chief scientist Jeff Dean, filed a supporting brief warning the action threatens U.S. competitiveness in artificial intelligence. Anthropic argues the designation exceeded statutory authority and constituted retaliation for policy disagreement.

The administration maintains Anthropic posed a security risk by attempting to restrict how the military deploys its technology across all lawful use cases.

The U.S. pet grooming industry is undergoing a major shift, moving from basic hygiene services toward holistic health and wellness care. Some owners now spend $11,000 or more annually on grooming alone. Industry analysts project the sector will reach $19.5 billion this year and $46.7 billion by 2036 (NYT).

Rising costs are pushing many owners to adapt. Some cross international borders for affordable grooming, others learn DIY techniques, and some barter services in place of cash. Groomers cite higher equipment, utility, and insurance costs as primary drivers behind pricing increases.

Investors are taking notice. A venture fund launched by a prominent beauty industry heir is now targeting pet health and longevity, signaling growing institutional interest in the space.

Your environment shapes your behavior whether you realize it or not. Rooms built for relaxation encourage relaxation. Rooms built for distraction encourage distraction. So build one that demands something from you.

Start with the work itself. What is the central act of your day? Writing, designing, building? That goes at the center of the room. Everything else serves it.

Tone matters as much as function. Skip the irony, skip the novelty decor. A serious room sets a serious standard.

Then add character. Art, objects, lighting. Things with stories. When you walk in, it should feel unmistakably like you.

Read article | Rudyard Kipling, Roald Dahl, Jack London

▶ "My mantra is simple: 'Yes, thank you,'" says comedian Pete Holmes. "Not spiritual, not complicated." When something goes wrong, the brain wants to fight it. That resistance is like holding a basketball underwater. You're giving all your energy to the bad feeling, making it worse.

Holmes says the embarrassment of having a bad feeling is often worse than the feeling itself. Saying "yes, thank you" short-circuits both. "Flight delayed? Yes, thank you. It just lifts," he says. "You stop debating reality and suddenly you can breathe again."

Watch video | Jocko’s “Good”

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▲ Beretta accused of attempting hostile takeover of Ruger after acquiring 10% stake and nominating 4 board directors

▲ Harold Hamm lobbies Oklahoma governor for Senate seat after Trump tapped Mullin for cabinet role

▲ CBS correspondent Scott MacFarlane exits network citing desire for independence after 5 years covering justice | Bari Weiss

▲ Live Nation avoids breakup in DOJ antitrust settlement, but 25 states vow to continue monopolization case

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