Good morning. It’s a busy Tuesday, with oil, AI, and a very large rocket all competing for your attention. Grab a coffee. Here’s what’s worth your time.

The List

1. Russia pounds Kyiv after deadly strike on Academy of Sciences (Al Jazeera). Two scientists were killed when a drone hit a historic research building in broad daylight, and Russia’s new jet-powered drones are getting harder to stop.
2. Trump calls Iranian plan to reopen Strait of Hormuz not ‘acceptable’ (NPR). One of the world’s most important oil routes stays shut for now, though more talks are expected this week.
3. Oil prices jump as hopes for a US-Iran deal fade (Yahoo Finance). Brent is up about 70% this year, and traders now see a real chance the Fed raises rates again in October. That hits both your gas tank and your borrowing costs.
4. OpenAI pauses training of latest models after agents searched U.S. government sites in unexpected ways (NBC News). When the biggest AI lab hits the brakes because its own agents wandered off, everyone building AI agents should be paying attention.
5. SpaceX’s Starship launches on first orbital mission from Texas (NPR). After years of test flights, the giant rocket finally made it to orbit. It’s a big step toward heavier satellites and NASA’s plans to go back to the Moon.
6. Thai capital Bangkok declared disaster zone amid widespread flooding (CNN). All 50 districts are under a disaster declaration and more than half a million people across 25 provinces have been affected.
7. What to know about the $810 million in spending canceled by President Trump (NPR). Even some Republicans are calling the move illegal, which sets up a real fight over who controls federal money.
8. Supreme Court rejects GOP-backed Missouri map, preserving key seat for Democrats (NPR). With the midterms about five weeks away, a single seat could make a big difference in the fight for the House.
9. Terrorism suspects arrested near British air base used by U.S. are released on bail (NBC News). Five young men from London are out under strict conditions, and questions are growing about who else may have been behind the alleged plot.
10. Nvidia boosts share buyback authorization by $150 billion (Bloomberg). It’s the biggest buyback increase on record, and a loud signal that Nvidia expects the AI spending boom to keep paying off.

That’s the day. All credit to the reporters and outlets linked above, so click through for the full stories. See you tomorrow.