Stocks slump globally as Trump says he is in no rush to end the war—and California is running out of jet fuel

Good morning. On Fortune’s radar today: Markets: Oil spikes, stocks wobble. California’s looming jet fuel crisis . Trump signals a long war with Iran. Jabil board defies angry shareholders. Mass unemployment is mysteriously MIA. Donald Trump Jr.’s big bet on Polymarket. This story was originally featured on Fortune.com