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THE WANG REPORT · MORNING EDITION
Wednesday, June 24, 2026
CL
The Strait of Hormuz closed again before the MTR opened its gates this morning, and the fuel price boards at Tsing Yi filling stations had already moved before most drivers caught the news. Iran's second closure in two months lands differently here than in Washington: the LNG tankers passing through that water supply the generation keeping the air conditioning on, and with the Pentagon's supplemental budget running toward eighty billion dollars, the arithmetic of proximity is immediate.-- CL
MB
The Five Eyes warning that AI will breach security controls within months landed the same week 430,000 FortiGate firewalls were confirmed to have spent years quietly forwarding credentials to whoever asked. That is not a future problem. It ran undetected long enough to harvest 110 million secrets, and the institutions announcing the threat horizon were already standing inside it., MB-- MB
CLOil at $140 a barrel, Taiwan armoring its highways, and a British prime minister gone before lunch: the day arrives, as usual, with more than one system failing at once.