US President Donald Trump said he would “suspend the bombing and attack of Iran for a period of two weeks” subject to Iran reopening the Strait of Hormuz, hedge funds made record bets against European stocks, Turkey has sold or loaned out $20bn of gold since the outbreak of the Iran war, and a project for a German warship has turned into a defence procurement disaster. Plus, four astronauts made a historic trip around the Moon.

Mentioned in this podcast:

Middle East live blog

Hedge funds make record bets against European stocks

Europe’s rearmament meets reality: the story of a failed frigate project

Turkey’s gold sales deepen bullion slump

Artemis II astronauts head back to Earth after record-breaking Moon trip

Credit: CNN, NBC New York

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Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed, Victoria Craig, and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann. 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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US and Iran agree to two-week ceasefire talks

FT News Briefing