Last week, the financial technology company Block announced that it would lay off 4,000 of its 10,000 workers. Dorsey, Block’s CEO, said in a letter to shareholders that advances in AI “have changed what it means to build and run a company”.
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Risks remain that a desperate Iran could lash out more strongly at oil tankers or the energy assets of Saudi Arabia, Kuwait, Qatar, and the UAE. Iranian proxies, such as Hezbollah in Lebanon or the Houthis in Yemen, could further inflame tensions. After all, the Houthis have a lot of experience targeting oil assets.
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