Thor rules over the entire Earth with Loki as his chief adviser and head of security, and he now wears Doctor Strange's Cloak of Levitation and the Eye of Agamotto.
Thor rules over the entire Earth with Loki as his chief adviser and head of security in a 2003 storyarc of "Thor" volume 2. Loki now wears Doctor Strange's Cloak of Levitation and the Eye of Agamotto.