Plus: Oil prices climb more than 1% on reports that at least one tanker came under attack in the Persian Gulf. And Reddit shares jump ahead of the social-media company joining the S&P 500. Pierre Bienaimé hosts.

Sign up for WSJ’s free What’s News newsletter.

An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.