<p>US President Donald Trump has said he wants to ‘take the oil in Iran’ and could seize the export hub of Kharg Island. Uncertainty about what happens next in the war is sending nervousness through global markets. Plus, this week marks one year since President Trump’s so-called Liberation Day announcement. How has the global trade landscape changed since then?</p><br><p><strong>Mentioned in this podcast:</strong></p><p><a href="https://www.ft.com/content/3bd9fb6c-2985-4d24-b86b-23b7884031f5?accessToken=zwAAAZ3WhZ4hkc872ftsKYVNJNO4ayO3iEAx9QE.MEUCIGB0KY9uVwrMaOw4KwFfYi4M1r_WwWt8OEhcgMwbuuuBAiEAv2zR7TxhPQDgupyDyzEY1kMf89Ibc1PQMo3EL0U2z2I&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Donald Trump says US could ‘take the oil in Iran’</a></p><p><a href="https://www.ft.com/content/4f095d4b-46cb-4ed6-90cf-aa560fba2bc1?accessToken=zwAAAZ3UrKPckc9PCV1LRstO1tOQz6pWD7orwQE.MEUCIQDKlzN6kwwdtMzA32S6K9aWrau4qFq8w96xN7pfpvMpHgIgaOP4HoV6BCCm6qKGTTNQd2tnI52IvBab-TTL2453tsA&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Global markets recoil as Marco Rubio warns war in Iran could stretch for weeks</a></p><p><a href="https://www.ft.com/content/2e0185d1-3229-463c-8391-6dd09fe11886?accessToken=zwAAAZ3Vqj4nkc8uAYXRMilGPNODkW3Qn-EYhgE.MEQCIFir8BsP4netsPG1VR1yCLY-UY8ydZJFQxsZ4rgv-0WfAiBLEjCNlTGXKmGFxAJ_Uz7m6vmvJaAL2nDeUvY4ypXWog&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">US bond market shows signs of strain as Iran war sparks Treasury tumult</a></p><p><a href="https://www.ft.com/content/a2127804-bd1d-47d2-9e5b-8d31a907c8ca?accessToken=zwAAAZ3Ur1TmkdOiEngEvR1H0tOeW40xqQfIygE.MEUCICTEKfjLqejDHLZarrzB2cSHA5ubg_e-_RwiE5UxCq8MAiEAiuA3ZScejnPk6-D7VV76SRvsWfqL4tWNK__7RhuJ3Rc&amp;segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">How has the global economy changed since ‘liberation day’?</a></p><br><p>Note: The FT does not use generative AI to voice its podcasts</p><br><p>Today’s FT News Briefing was hosted by <a href="https://www.ft.com/victoria-craig" rel="noopener noreferrer" target="_blank">Victoria Craig</a> and produced by Nisha Patel and Marc Filippino.&nbsp;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.</p><br><p><a href="https://www.ft.com/content/f52efe44-108a-46da-b9f7-1fde1b6ee402" rel="noopener noreferrer" target="_blank"><strong>Read a transcript of this episode on FT.com</strong></a></p><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>