Iran names Ayatollah Ali Khamenei’s son, Mojtaba Khamenei, as the new supreme leader. Plus, global central bankers are eying the jump in crude prices and the impact on inflation, and Gulf businesses seek more insurance coverage as the war in Iran continues. And, fears of food price spikes are growing.

Mentioned in this podcast:

Mojtaba Khamenei becomes Iran’s supreme leader

Oil surges past $100 a barrel for the first time in four years

Qatar warns war will force Gulf to stop energy exports ‘within days’

Iran war muddles expectations of likely Federal Reserve interest rate cuts

Fertiliser disruption from Iran conflict prompts global food shortage warnings

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 Julia Webster. 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

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Oil price surge risks upending global economy

FT News Briefing