Starmer fights for political survival

A gas shipment made it through the Strait of Hormuz as European oil majors cash in billions from the US-Israeli war on Iran, airlines across Europe are cutting prices for summer flights despite a potential jet fuel shortage, and bond giant Pimco says the war could prompt the Federal Reserve to raise rates. Plus, the FT’s Lucy Fisher explains what to expect from a make-or-break speech by UK prime minister Keir Starmer today. Mentioned in this podcast:Qatari gas shipment clears Strait of Hormuz after Pakistan-Iran talksEuro oil majors make billions off war  Coal shipments jump as countries seek alternatives to disrupted gas suppliesAirlines cut prices to entice holiday bookers worried about jet fuelIran war could prompt Federal Reserve to raise rates, Pimco saysStarmer faces fight for survival as calls to resign escalateBritain’s elections in maps and chartsPolitical Fix podcast Note: The FT does not use generative AI to voice its podcasts Today’s FT News Briefing was hosted by Victoria Craig, and produced by Katya Kumkova, Marc Filippino and Saffeya Ahmed. Our show was mixed by Alex Higgins. Additional help from Peter Barber. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.