Stocks Fall, Oil Jumps As Iran Negotiations Falter

S&P 500 falls as oil jumps and Trump warns Iran negotiators to ‘get serious’ (CNBC)

War Will Push U.S. Inflation Above 4% This Year, O.E.C.D. Says (NYTimes)

Traders Hedge Risk That War Spurs Fed to Hike Rates Within Weeks (Bloomberg)

Mortgage Rates Rise for Fourth Straight Week (WSJ)

Hertz, Avis Soar as Airport Chaos Drives Boom in Rental Demand (Bloomberg)

Airport Lines Stretch for Hours, Forcing Travelers to Pivot to Cars and Trains (Bloomberg)

Microsoft Freezes Hiring in Major Cloud and Sales Groups (The Information)

Elon Musk’s X Restructures Ahead of SpaceX IPO (WSJ)

OpenAI makes a ‘Code Red’ turn in strategy (FT)