Marc Filippino

Good morning from the Financial Times.

Today is Tuesday, May 5th, and this is your FT News Briefing.

The U.S.-Iran ceasefire is more fragile than ever, and Anthropic is boasting a new partnership with Wall Street.

Plus, Josh DeMauro is less than two months into his new gig as Disney CEO, and boy, has it been eventful.

I'm Mark Filippino, and here's the news you need to start your day.

The U.S.

military says it traded fire with Tehran near the critical Strait of Hormuz yesterday.

A fifth of the world's oil used to flow through the strait.

But since the war started at the end of February, it's effectively been shut and oil tankers have been stuck.

U.S.

President Donald Trump started a plan on Monday to help guide tankers out of the strait.

Iran, however, said it would attack any naval vessels that tried.

It says it launched missiles and drones yesterday at the U.S.

Navy in order to defend its own ships.

The Strait isn't the only place in the field of fire either.

The UAE said it intercepted several missiles and drones launched from Iran yesterday, one sparked a fire at a major petrochemical site.

The escalation sent Brent crude to as much as $115 a barrel.

AI giant Anthropic is teaming up with some of Wall Street's biggest companies.

On Monday, Anthropic announced a new joint venture with the likes of Blackstone and Goldman Sachs.

The new consulting business will deploy Anthropic's tools across their investment portfolios, and some are saying this could speed up the adoption of AI all around.