Iran formally handed Trump a 14-point ceasefire proposal demanding an immediate halt to U.S. operations, sanctions relief, and reparations — Trump called it unacceptable, saying Iran "hasn't paid a big enough price yet." The Strait of Hormuz remains effectively blockaded as OPEC+ offers a symbolic 188,000-barrel production bump that's doing nothing to calm chaotic energy markets. Spirit Airlines just folded after 34 years, citing war-driven margin collapse and leaving 17,000 workers unemployed. Today's briefing covers what happened, what it means, and what people are actually saying — in 20 minutes. Listen now. You'll be on the frontlines of monitoring the situation.