Fertilizer supply risks from Middle East refining

A recent survey of 100 CEOs at major companies by the audit, tax, and advisory firm KPMG finds that AI and policy uncertainty around tariffs are top of mind. Today, we'll dig into the survey's findings. But first, oil markets have been on a rollercoaster ride as of late. We'll discuss why markets have recovered a bit this morning and what impact a potential presidential waiver of oil sanctions could have.