With global oil supplies weeks away from systemic shortages, Trump teases an end to the war 

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Good morning. On Fortune’s radar today:

• Markets: Oil down, stocks up.
• EXCLUSIVE: The more hardware AI companies buy, the more money they lose.
• EXCLUSIVE: Jeremy Renner bets on AI tech to make 911 responses faster.
• With the Strait of Hormuz under lockdown, we’re weeks away from systemic global oil shortages.
• Trump lashes out at NATO and the Pope, again.
• Hotel chains will make a killing during the World Cup.

This story was originally featured on Fortune.com