International - Financial Times - Credit Squeeze

Stocks, bonds and the forint are up on hopes that Péter Magyar’s landslide victory will lead to pro-market reform

Hunger and even famine are foreseeable consequences of the war on Iran. Now the world must act to shield the poorest from effects that will continue long after the fighting stops

Officials plan to reopen frontier with Armenia to unlock a Trump-backed trade route between Europe and Asia

Iran war’s impact has been larger on short-term expectations but 2022 serves as a cautionary tale

Some tankers reverse course after attempting to transit waterway amid confusion over its status

Fraught talks set to resume to end dispute that is costing America more than $1bn a month

Christopher Waller says higher oil prices coupled with Donald Trump’s tariffs raise prospect of prolonged inflation

Markets are reacting positively to the US blockade of the Strait of Hormuz

If he is finally confirmed, Trump’s nominee for chair must undertake a re-evaluation of the central bank’s structure and purpose

Also in today’s newsletter: Wealthy New Yorkers up in arms over second-home tax and the rising costs of school absenteeism

Being a net exporter means that energy shocks no longer constrain US foreign policy in the ways they once did

The Economics Show 🤜🤛 FT Alphaville

Tehran’s new ability to charge tolls in the Gulf is a powerful bargaining chip

Oil squeeze driven by Iran war triggers rush to secure replacements

Prime Minister Sanae Takaichi orders release of glove stockpile as concerns grow across Asia

As global economic uncertainty mounts, stockpiling is back

Berlin set to halve GDP growth forecast to 0.5% as surging energy prices blunt €1tn spending push

Higher oil prices may not be enough to dent the world’s biggest trade surplus

Energy and interior secretaries hold call with executives to encourage more production

US state department’s ‘trade over aid’ initiative draws criticism from non-profit sector