International - Financial Times - Credit Squeeze

Energy disruption set to force Xi Jinping closer to Vladimir Putin and to consider drawing on reserves

Oil briefly hit $85 a barrel as Iraqi production shuts down because so few tankers risk journey through Strait of Hormuz

Costs at the pump exceed level at the end of the Biden administration

Economists say Iran conflict was ‘already casting its shadow’ as tensions had pushed up oil prices last month

Investors have been right to identify geopolitics as a rising risk factor

With energy prices rising due to conflict in Iran, the ECB will now be concerned with upside inflation risks

The answer depends on how you ask the question; plus markets do not think the Bank of Japan is more dovish

The main source of concern is Tehran’s influence over shipping in the Strait of Hormuz

Also in today’s newsletter: Blackstone’s flagship private credit fund hit by outflows and OpenAI amends US defence contract

Philip Lane says extended conflict and disruption to energy supplies could also lead to ‘sharp’ drop in Eurozone output

Edited transcript from an interview with the ECB chief economist

Qatar LNG shutdown threatens bigger supply hit than the Ukraine war

Central bank chair nominee faces scepticism over his hopes to scale back one of policymakers’ most powerful tools

Venture Global and Cheniere Energy look to bring on extra capacity as prices surge in Europe and Asia

Saudi Arabia also closes an oil refinery after attack

In moments of extreme uncertainty investors usually rush to the safety of US government bonds, but not this time

The replacement duties for those ruled illegal by the Supreme Court may be less vulnerable to legal challenge

Also in today’s newsletter: Hizbollah targets northern Israel and trade suspended in the Strait of Hormuz

Leaders agree to accelerate talks as both countries seek to hedge against unpredictable US

The answers unfortunately depend on how long the conflict lasts