President Trump just attacked Anthropic CEO Dario Amodei.

But Elon Musk and Sam Altman supported the AI-safety proposal that triggered the fight.

When fierce rivals suddenly land on the same side, I want to know what they see.

That is why I recorded this free briefing you can watch now — no email or credit card required.

I've spent 40 years on Wall Street. I recommended Nvidia in 2004 and bought Apple, Amazon and Netflix before they became household names.

I have seen how quickly a controversial technology story can become the only story investors want to discuss.

CNBC reports that Anthropic confidentially filed for an IPO, selected Nasdaq and is meeting prospective investors.

It reached a reported $65 billion annualized revenue figure in July — roughly seven times its year-earlier pace.

And CNBC says the company could seek a valuation as high as $2 trillion in a potential IPO.

Now political controversy is pulling even more eyes toward the same company.

That is how a quiet research window disappears: first the filing, then the headlines, then millions of investors trying to understand the story at once.

I found a publicly accessible fund that lists Anthropic as its largest holding and is available through a regular brokerage without accredited-investor status.

In my free briefing, I show you why this indirect access route is on my radar before a potential IPO could draw a larger crowd.

Good investing,

Alexander Green
Chief Investment Strategist, The Oxford Club

P.S. The same fund also holds Databricks and Anduril. So the thesis is not tied to Anthropic alone.

Watch the free briefing now to learn more while this story is still moving.

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Today's Market Update For You

Iran Set Seven Conditions to Reopen Hormuz. Saudi Arabia Called the Houthi Strike Claims "Misleading."

Written by Harlan Talcott

The Oil Picture

Iran's parliament speaker Ghalibaf said Hormuz stays closed until Washington meets seven conditions, per Modern Diplomacy.
The Saudi-led coalition called Houthi claims of strikes on Aramco sites in Riyadh and Khurais "misleading."
Murban crude traded near $110, about $8 over Brent, Monday morning. Brent held near $102.

The weekend produced two competing stories for oil. One said Saudi supply was under attack; the Saudi-led coalition now calls those claims misleading. The other said Iran is digging in; its parliament speaker set seven conditions for reopening Hormuz. Brent barely moved on either. But look past the headline benchmark and the market is still paying a steep premium for the barrels closest to the war.

Where the Premium Really Sits

Modern Diplomacy pointed to Murban, the Abu Dhabi grade prized by Asian refiners, trading near $110 on Monday morning — roughly $8 above Brent. The gap between Brent and U.S. WTI was above $11, against a more normal $3 to $5. Those spreads tell you where supply is tight: Gulf crude that must still move near the conflict costs far more than oil from the Atlantic side.

Aramco itself confirmed the pressure in its pricing. Modern Diplomacy reported Saudi Arabia cut its Arab Light price for Asian buyers by $3 — a discount that keeps customers buying Saudi barrels when they are already paying higher freight and war-risk insurance.

📊 Monday's Oil Signals

Brent

Near $102 · not back below $100 since the G-7 release

Murban

Near $110 · ~$8 over Brent

Brent–WTI spread

Above $11 · normal is $3–$5

Aramco

Cut Arab Light to Asia by $3

G-7 release

100M barrels · about one day of world consumption

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Seven Conditions, No Movement

Ghalibaf's statement hardens a position Iran has held since Trump rejected its seven-day plan. Iran has said it won't soften, and it is still waiting for a formal U.S. reply through Qatar and Pakistan. Trump has said Iran faces "the easy way or the hard way" and that the war ends right after the November 3 midterms. Neither side is moving before the election.

That keeps the G-7's 100-million-barrel release in perspective. Modern Diplomacy noted it covers roughly one day of world consumption. It is a cushion, not a fix.

What Matters for Prices Now

Oil is caught between disputed attacks, a closed strait and a calendar that points past November 3. The coalition's "misleading" label lowers the immediate supply scare from the weekend strikes. Iran's seven conditions keep the longer-term risk in place. The EIA's monthly Short-Term Energy Outlook, due today, will show how official forecasters now see the balance.

For investors and the Fed, the key fact is that Brent has held above $100 despite a reserve release and disputed attacks. With service-sector prices at a four-year high, energy costs remain a live part of the inflation story the committee will weigh on October 27.

Sources: Modern Diplomacy · Reuters · EIA

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