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Oil rises as hostilities between the U.S. and Iran flare up.

Plus, federal prosecutors charge a Google employee with insider trading on polymarket, and China tries to walk a fine line

of pushing companies to embrace AI without firing workers.

It seems that this is a topic that is increasingly sensitive for China's government,

and there appear to be growing concerns about the potential widespread impact of AI on the labor

market, which could create all sorts of instability in the economy. It's Thursday, May 28th.

I'm Luke Vargas for the Wall Street Journal,

and here is the AM edition of What's News, the top headlines and business stories moving

your world today. U.S. forces have conducted new military strikes against Iran, in what

American officials say was a response to Tehran targeting commercial ships in the Strait of Hormuz.

As part of the U.S. response, jets shot down Iranian drones and hit a drone control center near a port city along the strait,

a site that officials say poses a threat to U.S. forces and commercial shipping.

As with U.S. strikes earlier in the week, Trump administration officials

said the attacks were limited and defensive in nature and not an escalation that would

collapse a fragile ceasefire as both sides worked toward a diplomatic agreement. Oil prices are

trading higher this morning, while global markets and U.S. stock futures are trending lower.

...