On Iran, Trump is open to a deal but he also has ‘a fist, waiting to punch you in the [expletive] face,’ White House insider says

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Good morning. On Fortune‘s radar today:

  • The U.S. and Iran appear to be exchanging messages about a proposed peace deal, and the markets are loving it. Oil is down, stocks are up. Iran said “non-hostile vessels” could pass through the Strait of Hormuz, with its permission. But President Trump is still sending thousands of ground troops to the region.
  • Exclusive: Alphabet is No. 1 on Fortune’s America’s Most Innovative Companies list.
  • Anthropic may be target of “attempted corporate murder,” a judge says.
  • Yikes: Growth in corporate investment is now reliant solely on AI.
  • Polymarket thinks the war will last until May.

This story was originally featured on Fortune.com

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