Why US shale isn't racing to boost output

Donald Trump warned Nato faces a “very bad” future if US allies fail to assist in opening up the Strait of Hormuz, and though oil prices have breached $100 per barrel, America’s shale producers aren’t celebrating. Plus, wealthy individuals have sought to pull more than $10bn from some of the largest private credit funds in the first quarter. And, what to expect from eight central bank meetings this week. 

Mentioned in this podcast:

Donald Trump warns Nato faces ‘very bad future’ if allies fail to help US in Iran

EU ministers to discuss possible naval options for Strait of Hormuz

Why America’s shale patch is not celebrating $100 oil

Rich investors seek to pull billions from private credit funds 

Iran war reawakens global inflation fears

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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