Your morning briefing. All the news you need to start your day.
On today's podcast:
(1) European natural gas prices surged after Iranian missile strikes caused damage to the world’s largest liquefied natural gas export plant, stoking concerns about prolonged tightness in global supplies.
(2) A Qatari complex housing the world’s largest liquefied natural gas export plant suffered “extensive damage” amid a sharp escalation of attacks on energy facilities across the Persian Gulf.
(3) President Donald Trump pressed for a de-escalation of attacks on Middle East energy assets after Iranian and Israeli strikes on major gas hubs jolted global markets.
(4) Federal Reserve officials left interest rates unchanged and continued to expect one rate cut this year as they acknowledged increased uncertainty due to war in the Middle East.
(5) The Bank of Japan kept its policy rate unchanged as uncertainty surrounding the Middle East conflict clouds the economic outlook, while also pledging to raise borrowing costs if its price forecast materializes.
(6) The Bank of England may respond more aggressively than expected to soaring energy prices since war broke out in the Middle East because its internal models assume a large and long-lasting impact on inflation.
(7) UK unemployment held steady and employers hired more staff in early signs that the labor market may be stabilizing ahead of the Bank of England’s interest-rate decision later today.
Podcast Conversation: Iran’s Hormuz Blockade Leaves Stranded Crews Braving Missiles and Signal Jamming
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