Strait of Hormuz post sparks crude price swings

Oracle’s shares climbed 9 per cent on Tuesday after the database group posted better than expected earnings, and we discuss how American businesses are navigating soaring energy prices. Plus, the higher costs to insure tankers traversing the Strait of Hormuz, and the FT’s Antoine Gara explains why investors are ditching private credit funds.  

Mentioned in this podcast:

Oracle shares rally on strong revenue forecast from AI data centres

Soaring fuel prices expected to cast long shadow across US economy

Lloyd’s of London says it will still insure ‘basically anyone’ in the Gulf

Investors ditch private credit funds on rising worries over bad loans

Retail investors shun private credit funds after Blue Owl gating

Note: The FT does not use generative AI to voice its podcasts 

Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Fiona Symon, Victoria Craig, Sonja Hutson and Saffeya Ahmed. Our show was mixed by Kent Militzer. Additional help from David da Silva. 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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