The U.S. strategic petroleum reserve is so low it’s near panic levels

Everything you need to know before you reach the office this morning.

Good morning. On Fortune’s radar today:

• U.S. emergency oil supplies are dwindling toward panic levels.
• Markets: Global selloff continues.
• The end of “tokenmaxxing” is the biggest risk to AI, Wells Fargo says. 
• AI is driving GDP growth and the stock market, KKR warns.
• Drone boat rescues chopper pilots in Iran war.
• Chart: What OpenAI and Anthropic’s revenues look like over time.
• CEO sets thirst-trap for journalists with $200,000 job offers.

This story was originally featured on Fortune.com