Good Morning. Iran's oil is flowing again. Two supertankers just crossed a US blockade for the first time since April. We break down the deal ending the war.
Plus, SpaceX tops Amazon, a mom foils a White House plot, and Bear Grylls' barefoot morning routine (forwarded this email? Join 523k readers).
TOP STORY TODAY
Iran Oil Deal
The US will let Iran immediately resume selling oil under a deal to end the war, signed electronically and set to finalize this week. The waiver covers the banking, transport, and insurance services needed to move it.
The agreement pauses fighting, including in Lebanon, and lifts US and Iranian blockades in the Strait of Hormuz. Two Iranian supertankers crossed the US blockade Tuesday, the first such transits since the blockade began in April.
Bigger relief depends on Iran's performance. Officials have discussed a $300 billion reconstruction fund and access to part of Iran's estimated $100 billion in frozen assets, both tied to nuclear and Hormuz demands.
SpaceX's $60B AI Grab
SpaceX agreed Tuesday to buy Cursor parent Anysphere for $60 billion in stock, scooping up the autonomous coding agent just days after Friday's blockbuster IPO. The deal is expected to close in the third quarter of 2026.
That IPO sent SpaceX shares up 19% on day one, lifting its value past Amazon to around $2.66 trillion and into the top five most valuable US public companies. Cursor was last valued at $29.3 billion in November.
Cursor, founded by four MIT graduates in 2023, kicked off the vibe-coding era (explained) and now competes with Anthropic's Claude Code. SpaceX wants the deal to win enterprise clients who have largely avoided its in-house Grok assistant.
Mom Stops UFC Plot
The FBI arrested five people who allegedly plotted to attack the UFC event held on the White House South Lawn on June 14, using explosive-laden drones and snipers. A 19-year-old suspect's mother tipped off authorities.
The mother grew concerned about her son's online behavior, recent firearm purchases, and travel plans. Investigators tracked Signal chats with roughly 19 people in the main group, some assigned roles like shooters at specific locations.
The plan allegedly used drones to force a mass evacuation, then snipers to target fleeing attendees, including officials and wealthy guests. The event, tied to the nation's 250th anniversary, cost over $60 million to stage. The FBI said the plot was stopped.
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GET 1% BETTER
How Warren Buffett found money in everyday news
Warren Buffett famously spent about 80% of his day reading, but the money was never in reading more. It was in reading past the headline to the business underneath.
In 1964, a fraud scandal cut American Express stock by a third and the press called it a collapse. Buffett checked whether people had stopped using their cards. They hadn't. He put in $20 million, and that stake is worth tens of billions today.
In 1988, everyone saw Coca-Cola as a boring soda stock. Buffett saw a global brand people would never quit and bet a billion dollars on it, a position that has paid for itself many times over. Same move every time: the crowd reads the headline, Buffett reads the business.
Read like Warren Buffett (exclusive free guide): our exclusive download breaks down the exact 3-question test Buffett runs on any headline, then hands you a worksheet to build your own.
Here's an example of similar genius thinking (the famous Burger King scene) from Silicon Valley
Bear Grylls’ 10-minute morning workout
Bear Grylls was cold-plunging and grounding before either one was trendy, and he's never changed the open. Every morning starts the exact same way: 25 pull-ups, 50 press-ups, 75 squats, 100 sit-ups. Ten minutes, zero equipment, then twenty minutes of kettlebells and strength work. He couldn't do three pull-ups when he started. Now he bangs out the 25 in a weighted vest. The lesson isn't the numbers, it's that he stopped negotiating with himself about whether to do it. Do a hard thing long enough and it stops being a choice.
TRENDING
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▲ Sean Penn directs January 6 drama with Bradley Cooper eyed to play a Capitol cop
▲ Anthropic hacker who warned against releasing Mythos now lobbies Washington to allow the AI model's release
TOGETHER WITH HAIRMAX
Most Men Don't Know the FDA Cleared a Way to Regrow Hair at Home
Hairmax uses low-level laser therapy to wake dormant follicles, and it's clinically proven to grow fuller, thicker hair. Men have used it worldwide for years. Here's the part nobody mentions: thinning only moves one direction when you ignore it.
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Fun Links
Perplexity Finance’s free features [Resource]
Armie Hammer wants a second chance [Blog]
The untold story of Epstein's death [Blog]
Determine your sleep type [Free quiz]
Jobs with highest / lowest divorce rates [List]
70% of kids stare at screens during dinner [Blog]
Red light therapy for hair growth [Partner*]
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