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Pro's number one most trusted app, based on August 2025 proprietary survey. Here's your midday brief for Wednesday, March 4th. I'm Alex Osola for The Wall Street Journal. An American submarine has sunk an Iranian warship. Defense Secretary Pete Hegseth said today that the Iranian ship was sailing in the Indian Ocean when it was struck by a U.S. torpedo.
He says it's the first sinking of an enemy ship by a torpedo since World War II. The U.S. has been focused on destroying the entire fleet of Iranian warships. And a U.S. official and a regional official say the U.S. shot down an Iranian missile that was headed toward a Turkish military base that hosts American forces. Turkey earlier said NATO forces shot down the missile.
Qatar Energy, the world's largest producer of liquefied natural gas, said it can't fulfill its contractual obligations because of attacks on its facilities. Two days after it halted its entire LNG output in the wake of an Iranian drone strike on its facilities, it declared force majeure, a way for companies to be released from contractual liabilities.
It could be a sign that Qatar doesn't intend to restart its gas plants soon. And U.S. markets appeared to set aside their fears over the conflict in the Middle East. Stocks rose in morning trading and oil prices stopped their rise, with Brent crude stabilizing around $81 a barrel.
Heads Up, an artificial intelligence tool, helped us make this episode by creating summaries that were based on WSJ reporting and then reviewed and adapted by an editor. We'll have more coverage of the day's news on the WSJ's What's News podcast. You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.
Enterprises are already creating efficiencies with agentic AI, particularly in areas like finance, HR, and IT, says Jason Gerzades, CEO of Deloitte US. Those will continue to proliferate and strengthen, and it'll change the work that gets done, and work will increasingly be delivered through agentic capabilities.
Garzadas believes the most transformative impacts of agentic systems are still to come. It will fuel innovation. It will fuel the pivot into market creation, market diversification, strategies that will open up new markets to clients and to organizations who are looking for growth and looking for differentiated access to new markets, which I think is the most exciting thing.
Visit Deloitte.com to learn how your enterprise can help successfully leverage agentic AI. The views and opinions expressed by podcast speakers and guests are solely their own and do not reflect the opinions of Deloitte or its personnel, nor does Deloitte advocate or endorse any individuals or entities featured on the episodes.
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