News Wrap: Iran says cargo ship sank after hitting a mine in Strait of Hormuz

What happened: Iran said a cargo ship sank after hitting a mine in the Strait of Hormuz. The Supreme Court heard arguments in a privacy case, and Netflix is cutting about 6% of its global workforce. Key numbers: Netflix is cutting about 6% of its global workforce. Why it matters: The Strait of Hormuz is a key shipping route, so a sinking there draws attention to maritime risk. Netflix's cut signals workforce reduction at the streaming company.

Iran said a cargo ship sank after hitting a mine in the Strait of Hormuz. The Supreme Court heard arguments in a privacy case, and Netflix is cutting about 6% of its global workforce.

The Strait of Hormuz is a key shipping route, so a sinking there draws attention to maritime risk. Netflix's cut signals workforce reduction at the streaming company.