As insurance costs rocket for shipping in the Strait of Hormuz, Asian countries brace for an energy shock. The rapid expansion of American-owned data centres in the Middle East has opened up a new front for Iran’s retaliation against the US. Plus, Donald Trump fires the head of the US Department of Homeland Security, Kristi Noem, and the FT’s Joshua Franklin explains what JPMorgan wants with an historic New York City hotel.

Mentioned in this podcast:

Industry casts doubt on Trump plan to insure Gulf oil tankers as Iran war halts transit

Asia’s big economies brace for Iran war energy shock

Donald Trump fires controversial homeland security secretary Kristi Noem

Pakistan thwarts JPMorgan’s efforts to buy historic New York hotel

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 Saffeya Ahmed and Marc Filippino. Our show was mixed by Kelly Garry. Additional help from Michael Lello. 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

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Iran war’s global energy impact

FT News Briefing