Good evening. Tensions are escalating dangerously in the Strait of Hormuz as Trump has authorized the Navy to "shoot and kill" any vessels laying mines in the critical waterway, sending oil prices climbing. The confrontation has already claimed a casualty at the top, with Navy Secretary John Phelan fired after clashing with Defense Secretary Pete Hegseth over the Iran blockade response. Meanwhile, trading houses like Vitol and Trafigura are managing to slip some tankers through the Gulf despite the mounting crisis.
On the technology front, there's troubling news about data security with multiple breaches making headlines. UK Biobank has been compromised, with health data from 500,000 people now being sold online in China, and closer to home, the Bitwarden password manager's command line tool has been compromised in a supply chain attack. OpenAI is pushing forward with GPT-5.5, claiming better coding capabilities and efficiency, while Microsoft is making significant changes by offering buyouts to up to 7% of its US workforce and rebranding its gaming division back to simply "Xbox."