As Trump rages against his allies, Republicans are asking what the plan is to end the chaos in Iran ...Middle East

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Good morning. In today’s Fortune:

It’s Fed day—expect Powell to keep rates at 3.5%. Iran: As Trump rages against his allies, Republicans want to know what the plan is. Chaos in the Gulf is producing ‘butterfly effects’ far away. Why the U.S. doesn’t have enough minesweepers to open the Strait of Hormuz. Prediction markets see the war getting longer. Nvidia might pay engineers in AI tokens Exclusive: AI isn’t destroying consultants, Capgemini says. Exclusive: Hinge CEO on the ‘dating recession.’

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